3031 Robin Way
About This Property
New furnace 2021, new AC 2022, exterior paint 2023, garage pre-wired for EV charging, Garden In A Box perennials planted throughout the yard. Chef's kitchen complete with new appliances including: double oven, induction cooktop, range hood, microwave, deep kitchen sink. Ample storage, soft-close kitchen cabinets with pull out drawer in lower cabinets, childproof locks installed, Lazy Susan corner unit, spice rack. More storage in the dining room built-in cabinets. Living room has lots of natural light. Primary suite includes a walk-in closet, double vanity, soaker tub, water closet. Ceiling fans and dimmers in each bedroom. Basement includes theater room with new carpet and extra thick floor pad, wet bar with beverage fridge, oversized laundry with sink and ample storage. All basement bedrooms are conforming with egress windows.
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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