2402 FRANKLIN DRIVE
About This Property
Sliding glass doors lead to a large screened patio with dual ceiling fans-perfect for relaxing or entertaining while enjoying views of the backyard with mature trees. The home also features updated flooring throughout the main living areas, a two-car garage, fresh landscaping, and a newer roof for added peace of mind.
Conveniently located near schools, shopping, dining, and major highways-with no HOA-this property is a great option for homeowners or investors seeking comfort, convenience, and value.
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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