316 DORCHESTER
About This Property
Features include: impact windows, city water and sewer, a 1-car garage plus a long driveway to fit 3 cars and a private fenced-in low maintenance backyard with no homes behind and a storage shed. Home is fully updated (2022-2024) including roof, water heater, appliances, tile floors throughout, new cabinets, marble countertops, glass backsplash, interior |/exterior paint, closet organizers, ceiling fans, and A/C ductwork. Updates in 2021 include the garage door and fence. A/C 2018, electrical panel 2017. Impact windows and doors were installed in 2016. Additional features: extended lanai, heavy-duty garage screen, overhead garage storage, plantation shutters, high-recessed lighting, cast-iron tub, dual sinks in the master bath, and new bathroom cabinets.
Move-in ready, low maintenance with nearby access to Historic Venice, 11 beaches, convenient shopping, dining, art, golfing, boating, nightlife, festivals, and new top-rated Hospital with excellent state-of-the-art care. Make it yours today.
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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%.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017