2734 Spencer Street
About This Property
Don't be fooled by the classic exterior, this home is business in the front and a party in the back! Expansive outdoor living awaits with a new screened porch and huge deck made for spring soirees and summer meals under the trees. The all new kitchen shines with stainless appliances, custom cabinets, and a wall of windows overlooking the private yard. The den off the kitchen is the perfect spot to lounge and the flowing floor plan is fit for entertaining.
Upstairs offers 3 large bedrooms plus a great home office or future 4th bedroom. The huge primary suite has 3 closets and a pristinely kept bath. It's all the space you need to live luxuriously now and potential for a show stopping spa bath reno.
Neighborhood access to Duke Forest trails, minutes to Duke and Downtown, and perfectly positioned on a quiet, leafy street. This home is buttoned up where it counts, stylish where it matters, and ready to upgrade your everyday.
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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