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2677 Hereford Road
About This Property
This home needs some TLC to make it shine. An additional 9X15 room with a private entrance could be used as a third bedroom,it has a window A/C. Kitchen has newer Maple Cabinets and Granite Counters. Tile and Laminate flooring. All appliances included. Roof is 10 years old, Outside AC unit is 6 years old. Plumbing updated in 2014. Hot water heater 3 years old. Stackable washer & dryer included. Large back porch.
Fenced yard. Sprinkler as is, never used.
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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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About Sherwood Park
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017