31 Cardinal Lane
About This Property
open-concept floor plan offers a cozy living room with a fireplace, an eat-in kitchen area, and a recently updated kitchen including granite
countertops, stainless steel appliances, and contemporary fixtures. This home features 3 bedrooms and 2 full bathrooms on the main
floor with an additional bedroom/bonus room and full bathroom in the basement. This home was beautifully renovated inside and out
in 2021, offering modern upgrades and fresh finishes throughout. Some of the major renovations done include a new roof, HVAC,
electrical, concrete driveway, paint inside and out, gutters, garage doors, tiled bathrooms + fixtures, and most recently new water heater
2024.
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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