2437 N Otis St
About This Property
Beautifully updated, the home offers 3 delightfully spacious bedrooms, large windows with great light throughout, 6 panel doors, double-paned windows, coved ceilings, a separate laundry/mudroom, and a spacious and updated kitchen. The cozy fireplace and refinished surrounds are a great centerpiece for relaxing or entertaining in the living room.
The one-car garage on this quiet block, and additional off-street parking spaces will make parking or entertaining a breeze. Additonal items to note include new exterior paint, three-year-old roof, backyard patio, raised garden beds, front and backyard sprinklers, fenced yard, central A/C, and a shed for extra storage.
With its proximity to shops, restaurants, & beautiful parks, THIS HOME WON'T LAST LONG!!!
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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