2270 Edna Court
About This Property
This home sits on a quiet tree lined block and boasts a fresh blacktop and pavered driveway with a detached garage. You also have a pool and gazebo gifted to the new owner.
Once Inside, you step in and immediately feel the sense of warmth of home ownership with new paint, recessed lighting, hardwood floors, updated bathroom. The fresh paint throughout with new windows on the entire first floor as well as solar on the new roof. Each bedroom is tastefully finished with a walk-in closet for the main, the backyard also had a pavered patio and new pvc privacy fence. The front and rear doors have also been upgraded.
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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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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017