3136 Aplin Road
About This Property
Nestled on a 'country road' street but just 2 miles from town, this 1,280 sq. ft. home is conveniently located. The fully fenced yard offers plenty of space including a well-equipped finished shed. Need space for your hobbies or storage? You'll love the powered workshop and detached carport-large enough to fit an RV!
Inside, enjoy two separate living spaces, a screened porch, and a tiled bathroom. The owner suite is tucked off the living room and features a private half bath with a washer/dryer hookup. The home is well-maintained with major updates, including a metal roof, new HVAC (2019), and updated plumbing and electrical (2014). Plus, a mini-split system for the home addition, and a tankless gas water heater ensures endless hot water. Need backup power? The home is already wired for a generator hookup!
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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