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22 East Road
About This Property
The main level has 3 bedrooms, 2.5 bathrooms, formal dining room, living room, den, and a 4 season room with awesome views!
The lower level has an in-law apartment with separate entrance. It is a large living space with a kitchenette, full bathroom, bedroom and an additional room that could be a 5th bedroom or office. In addition, there is an expansive additional finished area that was used as a gym & entertainment/game room. So many possibilities with all of that space! Laundry and cedar closet located on lower level as well.
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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