3110 Stuart St
About This Property
has a rare detached studio apartment/carriage home that was long-term rented at $1100 a month & according to AirDNA would average $137 a night at 72% occupancy = an Estimated $36,000 a year!! You will love the high ceilings,
the commercial-grade kitchen stove, oversized bedrooms, and a fantastic outdoor space including a 2nd-floor balcony with
mountain views, a large flagstone patio, covered deck, and full sprinklered lawns!! Parking is easy in the modern and
spacious 2-car garage. The 2nd floor has a walk-in closet, office/nursery, media room/den, and large bedroom, with a
little bit of work this could easily be reworked into 2 or 3 bedrooms. The main floor has an oversized bedroom, large dining
room + eat-in kitchen, living room/game room, and a gourmet kitchen with high ceilings, pantry, eat-in kitchen. The ADU
is so charming with skylight, exposed brick wall, open floor plan perfect for house guests/short-term or long-term rentals. Check out the 3-d tour!! https://my.matterport.com/show/?m=8qhQY86VLGx&
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Cap Rate Calculator
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