3597 Martha Boulevard
About This Property
The home has been updated with a modern kitchen and granite countertops, complemented by stainless steel appliances. Bathrooms have also been updated. Wood floors run throughout the home.
Roof is approximately 20 years old, and the siding is also approximately 20 years old.
The home offers a spacious family room with vaulted ceilings and oversized windows that provide abundant natural light. Additional features include Anderson windows throughout.
Exterior highlights include a 2-car garage and a separate shed for additional storage.
Utilities include electric heating with 200-amp service, oil heat, and a gas line available at the street.
The second floor and garage feature an open floor plan, offering flexible living and storage space.
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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