3117 FAIRLAND RD
About This Property
Beautiful brick colonial located in the neighborhood of Calverton! Upon entering, you will be greeted by a foyer with flows throughout the main level. The main floor features living room, dining room, eat-in kitchen that has stainless steel appliances, and white cabinetry. Off the kitchen is a family room with fireplace, laundry room and a bedroom with a full bathroom. Walk out from dining room to the brick patio and backyard, perfect for outdoor activities and relaxation. The upper level of this home offers the primary bedroom that features a walk-in closet and primary bathroom. There are 3 additional bedrooms and a hall bathroom that complete this level. The basement is completely finished and features a space for entertaining, 2nd kitchen, full bathroom, and 2 rooms that can be used as office/bedroom. Ready to call this one home!
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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