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331 Highland Ave Extension
About This Property
Step inside to an open and sun-filled main level where the windows bring in an abundance of natural light, highlighting the hardwood floors and warm, welcoming living space. The main floor includes a convenient half bath, kitchen area, and easy access to the quaint backyard with garden space, perfect for enjoying the outdoors. Upstairs, the generously sized bedroom provides enough space for both a comfortable sleeping area and a small home office setup, and is complete with a full ensuite bath. With a newer roof and water heater already in place, this home has been thoughtfully updated and cared for.
Enjoy easy, low-maintenance living with municipal water, sewer, natural gas, and low taxes, all while being just 3 miles from the local train station and moments from the shopping, dining, and entertainment of Middletown. With quick access to major highways and all the beauty of the Hudson Valley close by - including wineries, distilleries, hiking and biking trails, rivers, and lakes - this is a wonderful opportunity for a first-time buyer, commuter, or anyone ready to trade renting for ownership.
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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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About Washington Heights
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017