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203 FREDERICK AVENUE
About This Property
Recent improvements include newer roof, vinyl siding and four energy-efficient mini-split heating and cooling systems (2023), hot water heater (2022), replacement windows (2017), a stamped concrete patio with a stone fire pit, and a fully fenced backyard with 3 gates, offering comfort and peace of mind for years to come. The finished walk-up attic provides versatile bonus space that's perfect for a playroom, kids' retreat or additional storage. The unfinished walkout basement also offers additional storage space. Enjoy relaxing on the covered side porch overlooking the spacious backyard -ideal for pets, gardening, and outdoor entertaining. Conveniently located within walking distance of downtown shopping, restaurants, parks, and the library. Also close to great schools and commuter routes, this beautifully maintained home is ready for its next owner. Simply unpack and enjoy!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017