309 N 3rd Street
About This Property
This well-maintained property includes a whole-house generator, a circular driveway that wraps behind the home, and a concrete RV pad complete with electrical and sewer hookups. The fully floored second-level attic with a cedar closet provides excellent storage or potential for future expansion into additional living space. Outdoors, a powered shed with an attached lean-to offers ideal storage for yard equipment, tools, or project space.
A wonderful blend of comfort, function, and small-town charm-ready to welcome its next owner.
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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