39 N Chestnut Street
About This Property
First floor bedroom, full bath and light bright sunroom with vaulted ceilings and a ceiling fan that was added in 2016, gives this home another reason to call it home. Sunroom has 2 sliders, sky lights, custom blinds, mini split and a wood burning stove to enjoy quiet mornings with coffee, or an afternoon book.
LR has HW floors and a mini split. 2 additional rooms upstairs with gorgeous HW floors and an additional full bathroom. This home offers potential for separate living space.
Newer roof in 2016. Solar panels are leased. Step outside to the level back yard which offers gardening through the seasons and a detached garage. Commuters will also appreciate the close proximity to the Metro-North train station, Route 9 and I84.
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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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About Beacon
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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017