3538 NE 5th TERRACE
About This Property
Recent upgrades including new windows, doors, and a fresh coat of paint ensure a truly turnkey experience. No detail has been spared with the modernized bathrooms to the kitchen finishes. Entertain with ease in the expansive living/dining combined area with luxery vinyl plank flooring leading out to the enclosed, screened lanai. Outside, a 2-car attached garage and a 20 x 30 shed/garage with workshop offer ample storage and workspace. Not to mention, the roof was replaced in 2016, and the AC unit was upgraded in 2020, providing peace of mind for years to come. But...the true gem of this property? A full house generator seamlessly wired to the home ensuring uninterrupted comfort and security.
Don't miss your chance to seize this opportunity --- Call now to schedule your exclusive viewing appointment.
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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