29 Otis Circle
About This Property
This charming ranch style on a fenced level yard features a large picture window for plenty of light streaming from living room into the kitchen/dining area. Kitchen features updated appliances and access to a spacious rear yard perfect for entertaing family, friends, and other guests. This home affords three bedrooms or convert one into a well lit work-from-home office space. Walk or drive 1.4 miles to the Metro-North railroad to the NY/NJ metro region with direct connections to Penn Station or the Oculus transportation hub at World Trade Additional Information: HeatingFuel:Oil Above Ground,
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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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About Otisville
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Currently no similar homes aroundNearby Rentals
$3,500 /mo
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$1,550 /mo
- 2 Beds
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- 850 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017