2106 STATUTE LN
About This Property
All four bedrooms are on the upper level.
The expansive family room has newer upgraded carpet with a wood fireplace and half bath. There is also lots of storage on the lowest level where you'll also find the washer/dryer and HVAC equipment. The beautiful fenced yard is a treat! Actual square footage is about 2500 sqft. HVAC (furnace and AC) replaced in 2019, Hot Water heater and new roof in 2020 - architectural 30 year shingles. Windows replaced in 2004-2005, new washing machine 2022.
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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