3 ELLIS AVENUE
About This Property
This beautifully renovated 3-bedroom, 2-bathroom home offers an updated floor plan featuring a brand-new kitchen and two custom-designed bathrooms. Immaculately maintained, the home boasts a fresh exterior and sits on a private, wooded lot-perfect for enjoying peace and tranquility. The spacious full basement provides excellent potential for additional storage or future finishing. With its modern updates and move-in ready condition, this home is available for a quick closing. Don't miss the opportunity to own this spotless, stylish home with both comfort and convenience! Don't miss out on this beautiful home...
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017