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3706 SPRINGWOOD AVENUE
About This Property
Inside, you'll find a partially finished basement offering additional living or storage space, along with plenty of opportunity to customize and add value throughout the home.
The property does require work and is being sold as-is, making it best suited for cash buyers or investors. With strong upside potential, this is an excellent opportunity for a fix-and-flip project or a long-term rental investment.
Priced to sell-don't miss your chance to transform this property into something special.
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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