2628 Richardson Road
About This Property
New flooring (3k) in the kitchen and throughout the house. The bathrooms were updated with new toilets, light fixtures, and vanities. Seller replaced all the base boards in the house and built casings around the windows and door frames! New HVAC approximately 2 years ago (5k). New roof in 2019! The building was put on the property in 2018, includes storage/garage area and carport area. (6k) and recently had power ran to extra building. Deck & above ground pool (5k). Ready for your new home and 2 acres? Call today!
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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