3 COPELAND WAY
About This Property
***Recent improvements made by current owners: brand new metal roof with wood replacement, weather sheathing and snow birds added | full bathroom remodel | rear door replacement | fresh paint. Major renovations/improvements completed prior to current owners purchasing: all plumbing and electrical replaced in the home in 1984 | entire house caulked, primed and painted| insulation doubled under house and in attic and insulation blown into frame section upstairs and down | all windows painted and storms resealed, repaired and replaced where needed | stairs completely replaced to include railings and original newel posts retained and handrail installed | kitchen ceiling raised into original beams and recessed lights installed | french drains dug around back and west side of home to eliminate improper drainage and to channel water away from house so cellar stays dry in heavy rains and there is no water intrusion | cellar redug, insulated and extra supported added under living and kitchen, vapor barrier added | house exterior reparged with cement where needed | northwest corner of kitchen floor supporting beam replaced with concrete support | attic fan installed | split rail fence installed ***
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Cap Rate Calculator
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