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20426 45th Drive
About This Property
This home has been thoughtfully updated with a newer roof, hot water heater, gutters, plumbing, updated windows, moldings, and electrical outlets. MOVE-IN READY CONDITION. A private driveway provides convenient parking for two cars. Ideally situated near a variety of shops and restaurants, with easy access to public transportation via the Q12, Q13, Q27, QM3, N20G, Q76, and Q27 buses, this property presents a fantastic opportunity for buyers seeking a great home in a highly desirable location.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017