48
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1950 Haight Avenue
About This Property
Upstairs, the second floor offers a spacious master bedroom plus two well sized bedrooms and an updated full bathroom. Hardwood floors run throughout the first and second levels. The finished basement expands your living and entertaining options with a large recreation area, an additional room ideal for a guest bedroom or home office, a full bathroom, ample closets, a mechanical room, and a dedicated laundry area.
With summer ahead, you'll also benefit from lower electrical costs thanks to the fully installed solar panels, which deliver meaningful savings during peak usage months. The location is exceptional - minutes from neighborhood parks, the Bronx Zoo, and the New York Botanical Garden, and within easy reach of local shopping, bus and train stations, and the Metro North station currently under construction. Medical centers nearby include Einstein and Jacobi hospitals, and Montefiore facilities, giving this home a rare combination of commute convenience and neighborhood tranquility.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About East Bronx
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017