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31 Barnes Street
About This Property
The open-concept living and dining area provides a seamless flow for everyday living and entertaining. The kitchen features abundant cabinetry, generous countertop space, a large breakfast bar, brand-new backsplash, and stainless steel appliances making this kitchen perfect for the home chef.
Throughout the home, you'll find gleaming hardwood floors, custom Anderson windows, and skylights that fill the space with so much natural light. More updates include a new roof, fresh interior paint, and a cozy gas fireplace. All three bedrooms are generously sized.
Between the large front porch & backyard spaces, this home can be enjoyed year round both indoors and outdoors.
Additional features include a private driveway that accommodates two cars and an attached one-car garage for convenience.
A must-see opportunity in one of Long Beach's most sought-after neighborhoods. Schedule your private showing today!
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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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Data Source: OneKey MLS
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