24 Montclair Road
About This Property
The first floor consists of 3 levels which include an open plan for the living room/kitchen, a walkout deck, 2 bedrooms and a full bathroom and a family room with half bathroom. The upper level features a sun drenched bedroom with new dormer window installed. The lower level contains an additional 900 sf which consists of a recreation room with a walk out to the backyard, modern full bathroom and a storage room with new washer/dryer.
Loads more space for storage in the attached garage. Parking available in the driveway or space for 2 cars in the garage.
Amazing backyard for entertaining boasts a new walk out deck, bbq area with a new wood fence. This home is centrally located to buses, shopping centers, parks and 28 minutes to NYC. **(Property taxes can be grieved, currently over assessed). Additional Information: Amenities:Storage,ParkingFeatures:2 Car Attached,
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017