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316 REDWOOD AVE
About This Property
Inside, you'll find a partially finished basement that provides additional living space or the opportunity to customize it to fit your needs. Enjoy outdoor living with a welcoming front porch, a side porch, a back patio, and a fully fenced backyard that's perfect for pets, entertaining, or relaxing.
Whether you're a first-time homebuyer looking for an affordable place to call home or an investor searching for your next opportunity, this property checks all the boxes. Conveniently located close to downtown Frederick, you'll have easy access to the area's historic charm, unique shops, local restaurants, and everything else Frederick has to offer.
Don't miss your chance to own a home with great features, versatile spaces, and an unbeatable location!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017