3114 22nd Ave
About This Property
The lower level boasts a large family room, perfect for relaxation or entertainment, along with a third bedroom and a 3/4 bath for added convenience. An additional bonus room provides flexible space that could easily serve as a fourth bedroom, home office, or workout room, depending on your needs. The property is complemented by a fully fenced backyard, featuring a shed for extra storage and a covered patio, offering an ideal spot for outdoor dining or lounging year-round. Oversized garage with workbench and built-in storage. This home has a 5.85KW solar system providing ample, money saving, electricity to power your new home. Buyer will need to qualify for remaining balance of solar loan. This home is a perfect blend of comfort and practicality, ready for its new owners to move in and make it their own.
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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