3705 RICKY LANE
About This Property
Step inside to an open floor plan with a bright living area, a well appointed kitchen, and generous bedroom space. The primary suite offers privacy and a full bathroom, while the additional bedrooms provide flexibility for family, guests, or a home office.
Outside, the large backyard gives you room to create your ideal outdoor space. Add a pool, garden, play area, or entertaining patio. The possibilities are wide open with a quarter acre lot.
Move in ready and located in a community with a low HOA, this property offers both value and peace of mind.
A solid opportunity for a primary residence or long-term investment.
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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