2889 Arnold Avenue
About This Property
Kitchen with granite countertops and stainless steel appliances, updated bathrooms, gas boiler, and hot water heater (All under 3 years old. This home also features a newer water main from the street to the house. Enjoy a partly finished basement with a dedicated laundry room, ample storage, and a fantastic outdoor entertainment area. Includes window/wall AC units for every room. Located in a non-flood zone(see proof under documents) near a local elementary school.Star program will reduces taxes $911
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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%.
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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