2281 Summit Boulevard
About This Property
Bring your paintbrush and your vision, and a little effort will have this home standing tall for years to come.
Vinyl sided with newer vinyl windows, the porches all have very nicely made tarps/awnings with windows for winter use to help keep the weather at bay while still being able to use and enjoy the porches.
High Efficiency furnace, newer roof. The heavy lifting is done on this one, just spruce it up with a little carpet and a little paint and you can move right in and enjoy for years to come.
Garage needs some repair but is salvageable or take down and build the garage of your dreams on a few of the extra lots that come with the home.
In the highly sought after Falconer Central School System.
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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