353 8TH Street
About This Property
The white picket fence and oversized front porch welcomes you inside this southern charmer, and you may never leave. Some of the highlights include french oak floors through out the house, River City custom cabinetry, Bosch appliances, white quartz counter tops, Grohe plumbing fixtures, California Closet systems, spray foam insulation and a standing seam metal roof. Equipped with an elevator, wired for a generator, water softener, whole house water filtration, Rinnai tankless water heater, and an epoxied oversized 2 car garage with additional space for a golf cart. The first floor was designed to configure a mother-in-law suite, two additional room room
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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