206 S Hampton Drive
About This Property
ALL POLYBUTYLENE PIPES REPLACED!!! 3/2/2 with additional space to work remotely. Kitchen granite counter tops, Washer 2022, Refrigerator 2022, AC and Water Heater 2017, Exterior Paint 2021. Tile Roof 2006. Renovate this entire home to make this hidden gem, someone's dream home! Needs: new flooring throughout, updated kitchen/baths, storm protection, drywall, interior fresh paint & wall repair throughout. Dryer and dual vanity sinks need to be purchased. Bath tub, toilet, and dual vanity sinks in master bath need to be installed. Concrete flooring in guest bedroom #2 and master bedroom. Active roof leak. No homeowner's insurance for 12 months.
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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%.
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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