3108 RUECKERT AVE
About This Property
This phenomenal, extensive, detached home features 3 levels of possibility waiting for its new owner to come take advantage! The main level of the property presents with a large foyer and living area, two very large bedrooms-(in fact one of the bedrooms was originally 2 bedrooms made into one and can be made back into 2 if the new owner desires), an updated kitchen with granite countertops, stainless steel appliances, and sizeable pantry. Walk out to the back deck from the kitchen, and enjoy the substantial, flat, and fenced back yard.
The upstairs unit has separate access from the front and features 2 large bedrooms, a kitchen, full bath, a huge attic area (which is partially finished and can be made into third bedroom or kept as massive storage space), and a screened in porch off of the back with access to the back yard as well! This is where the equity is to be had!
Both units are separately metered.
The basement also has a separate entrance and could easily be made into a third unit. This area previously was being rented as a 1 bedroom apartment with living area, full bath, and bedroom. There is TONS of storage as well.
Live in one unit, rent out the others, and make profit! Or utilize this cash cow for your rental portfolio! So many options- come see this property 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017