2673 MYRA Street
About This Property
Master bath completely renovated in 2020, guest bath updated in 2018. 2022 AC Unit and spray foam insulation in attic with newer roof vents. Spacious kitchen with plenty of cabinets, tile backsplash, new range hood. Master bedroom has two closets. Newer washer and dryer in a separate mud room off of the kitchen. Gorgeous fully landscaped large backyard with 12 x 12 covered gazebo, customized paver patio with fire pit and raised garden beds. The perfect place to entertain! As-is detached garage is very deep with concrete pad equipped with electric, for extra storage or workshop! Off-street parking can fit three vehicles.
Nestled within a couple of blocks of King St. and Stockton St. and a short bike ride to either Avondale or 5 Points!
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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%.
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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