30
Map
2209 Iona Drive
About This Property
The owner renovated it with the intention of keeping it, so every detail was carefully selected for long-term quality like a new metal roof and spray foam insulation for efficiency.It features IMPACT WINDOWS, a big plus, along with new A/C, electrical panel, flooring, baseboards, doors, sliding door, and light fixtures throughout. The new kitchen shines with beautiful quartz countertops and stainless steel appliances, making this open floor plan absolutely breathtaking. Both bathrooms are also brand new, finished with elegant quartz countertops. For added convenience, the home includes a brand-new garage door with opener, and the plumbing is all PVC. It doesn't get better than this. This home is a jewel, you won't find anything else like it, and it won't last!
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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