2705 OLD WASHINGTON RD
About This Property
First upper level includes 2 bedrooms, one with a sitting room and a full bath. Large addition was built as an office and great for work from home lifestyle or business or could be converted to additional living space, main level in-law suite or whatever your needs may be. Main basement includes a game room with pool table, bar area, half bath, television room & large storage & laundry area.
Separate 2 level apartment with 2 bedrooms, kitchen, living area, laundry, separate entrance and deck.
Large outbuilding that exhibits character and offers electricity and lots of space for storage.
Several forms of heat which include oil & propane gas.
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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