304 W Gilmer Street
About This Property
The entire home has been thoughtfully renovated, including a warranty on the foundation. A brand-new HVAC system comes with a warranty. The home boasts new stainless steel appliances in the kitchen, including a gas stove, dishwasher, and microwave. The kitchen has been completely remodeled with new cabinets, granite countertops, and a fresh, stylish design.
Throughout the home, you'll find new plumbing, updated flooring, and new carpet. The original hardwood floors have been beautifully refinished, maintaining the home's vintage charm. The backroom has also been remodeled to provide additional living space.
Other updates include a new 30-year roof, ensuring long-term durability and protection. This home is the perfect combination of historic charm and modern convenience, ready for its next owners to enjoy for years to come.
Don't miss out on this stunning home in a prime location!
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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