2702 SE 50th TERRACE
About This Property
The living room is spacious and offers a nice fireplace to warm-up and enjoy the winter season. You will love sitting in the Florida room every morning in total relaxation to enjoy the sunshine or just to have some coffee while planning your day. The fenced backyard will be the perfect place to use the grill every weekend and have memorable family gatherings. The attached garage has space for 2 cars and combined with a wide U-shaped driveway will offer plenty of parking space for the vehicles. Bellair is a very accessible, quiet, and safe subdivision in a fantastic school zone with no HOA fees. This neighborhood is great for walking around taking fresh air. Existing furniture is optional and negotiable.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017