2705 Butternut COURT
About This Property
Open and split floor plan with high ceilings and lots of light. Kitchen has ample counter and cabinet space with large pantry and room for a small breakfast table. French doors off of the Great Room open to a rear screened porch overlooking the fenced backyard. Newer roof(2015), septic drain field(2013) and HVAC system(2020).
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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