2417 Empire Avenue
About This Property
NEW SHAW WATER RESISTANT FLOORING! NEW hot water heater, all LED lighting as well as new outlets. Master bedroom has beautiful shiplap wall, and the family room has a huge stone covered wood burning fireplace in the family room and the interior of the home has been freshly painted!
Spacious screened porch, with shutters, overlooks the large fenced yard that includes a sprinkler system and storage shed. This home is in walking distance to publix, restaurants, and stores. Only minutes to schools and the BEACH!
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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