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3500 27TH AVENUE
About This Property
Welcome to this charming corner-lot brick home in the desirable Hillcrest Gardens community! The main level offers three comfortable bedrooms, a bright and inviting living room with beautiful hardwood floors and a cozy wood-burning fireplace, and a spacious kitchen with direct access to a large rear deck-perfect for entertaining or relaxing outdoors.
The finished lower level adds even more versatile living space, featuring a second full bathroom, laundry area, storage room, and a spacious recreation room that could serve as a potential additional bedroom. With a separate entrance and side-entry garage access, the lower level also offers excellent potential for a private guest space or rental opportunity.
Conveniently located near shopping, dining, commuter routes, and public transportation, with easy access to Washington, DC, this home offers both comfort and convenience!
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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 Hillcrest Heights
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$1,500 /mo
- 2 Beds
- 1 Bath
- 768 ft²
$2,850 /mo
- 3 Beds
- 1 Bath
- 635 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017