2405 OAK MANOR RD
About This Property
Welcome home to this sweet split level tucked away in a quiet cul de sac in the Lodge Forest community--just waiting for you to make it your own! It was appraised just a few weeks ago for $325K.
This home is surprisingly versatile with 3 full bedrooms upstairs and a full bath, and in the lower level a full in-law suite with a separate entrance with living room, bedroom and full bath. This lower level also has a common area and there is a separate laundry room off of the common area that can be accessed by people both upstairs and downstairs. There is a whole house generator, a tankless water heater and the roof was newly installed in 2009. There is hardwood flooring under the wall to wall carpeting on the main level and upstairs hallway. Perfect fenced yard with a shed.
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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