3916 NE 8TH STREET
About This Property
essentials including Walmart, Aldi, Lowe's, Ross, Bealls Outlet, and more.The flexible floor plan includes a formal living area and an oversized family/TV room with fireplace, providing multiple living and entertaining
options. A welcoming foyer greets you upon entry. The kitchen is thoughtfully designed for functionality. The sink-side lower cabinets feature lazy Susans and pull-out shelving, while the stove-side base cabinets are
designed with drawer storage for easy organization. A kitchen window overlooks the expansive fenced backyard, allowing for natural light and outdoor views.
Situated on approximately .46 acres, the oversized fenced yard offers ample space for outdoor activities, pets, and entertaining. The property also features a patio area, a gas firepit, and a spacious storage shed.
Recent improvements include newer LVT flooring as part of a recent remodel, roof and AC replaced in 2016, new electrical panel, updated bathrooms with tile finishes, fresh interior and exterior paint, updated
landscaping, replacement of most interior doors, and a replaced exterior door to the family/TV room. The inside laundry room includes cabinetry for additional storage and a pet door. Garage includes built-in shelving. With
spacious bedrooms, modern updates, and a location that keeps you close to everything while still feeling tucked away, this home checks all the boxes.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017