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280 Balcom Avenue
About This Property
Inside, the home features new flooring throughout, two newly constructed staircases, and four newly installed windows that enhance natural light and overall comfort. A renovated accessory living area provides flexible additional space.
The remodeled eat-in kitchen offers contemporary finishes, energy efficient appliances, and functional design suited for everyday living and entertaining (main floor refrigerator not included). Two fully renovated bathrooms feature modern finishes, including one with a built-in Bluetooth sound system for a spa-like feel. A powder room is also conveniently located on the main level.
Additional highlights include a smart thermostat, security system, and dedicated electric vehicle charging outlet. Exterior features include a two-car driveway, backyard space, and an outdoor storage shed for added convenience.
Conveniently located near public transportation, major roadways, shopping, dining, and parks. Combining significant system upgrades with modern finishes, this property offers comfort, efficiency, and turnkey convenience!
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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