2040 Burjonik Lane
About This Property
Large living room with cathedral ceiling has a wood burning fireplace, and a bay window. The living area, dining, and kitchen have lovely laminate flooring. The kitchen has stainless steel appliances, a breakfast bar and a duel pantries. The laundry is located just off the kitchen and has a door to the garage. The master bedroom has trey ceiling, private access to the deck. The front bedroom with its adorable bay window with seating area shares the second full bath with skylight with the third bedroom. Solar Panel System installed in 2021. Seller will pay off 1/2 of loan balance with acceptable offer.
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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