2601 Lake Silver Road
About This Property
Enjoy a fully fenced backyard surrounded by mature trees and established landscaping, creating a peaceful and private setting. Located in the county, this property also offers the benefit of lower property taxes. Major systems,2018 HVAC system, 2015 water heater, and metal roof.
The converted garage adds valuable additional living space and features a cozy wood-burning stove--perfect for a family room, or flex space. With a large lot, privacy, and plenty of potential, opportunities like this don't come along often. Bring your vision and unlock the possibilities!
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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