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325 Texas Street
About This Property
The exterior features durable siding, a composition roof, and a multi-level deck system with a covered second-floor balcony and a third-level sun deck-perfect for relaxing or entertaining.
Inside, the home is in excellent condition with tile flooring on the first floor and vinyl flooring upstairs. The open living and dining area provides plenty of natural light, along with a functional kitchen and comfortable bedrooms.
With surrounding green space and convenient access to beach areas, dining, and recreation, this property is ideal as a primary home, vacation getaway, or investment opportunity.
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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