207 NW 36TH DRIVE
About This Property
You will immediately see the potential as you enter this property via the family room-the beautiful brick wood-burning fireplace is a show-stopping focal point! To the right is the primary bedroom and bath, or head left into the light and bright dining room! The dining room is also open to the kitchen, which has a unique wrap-around breakfast bar! Three other bedrooms and two more bathrooms await on the other side of the house. The third bedroom has an adjacent extra room with a private exterior door-this room could be used as a sitting room, for storage, or as an extra huge closet! Buy worry-free with a 2023 HVAC, 2017 roof, and 2021 water heater!
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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