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2107 Kimball Street
About This Property
As you enter the the home with a covered porch, you will immediately notice the bright and open floorplan in the Living Room, leading into a beautifully renovated kitchen with recessed lighting and stainless steel appliances. The windowed kitchen has great view of your back deck that is great for entertaining and has steps that lead to your private backyard.
As you head upstairs, you have two generously sized bedrooms with a home office in between the two bedrooms that could also be used as a large walk in closet or home gym space.
The bathrooms feature a soaking tub, a seperate standing shower and a window allowing natural light to flow into the space. In the basement, you'll have the convenience of a washer/dryer in-unit, a full basement area for recreation or sleeping area, a full bathroom and a large room for storage.
The house is located only a couple blocks from Marine Park, Kings Plaza Shopping Mall and plenty of other shopping and restaurants closeby on Flatbush Avenue.
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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