394 Riverchase Boulevard
About This Property
This 3-bedroom, 2-bath home offers a 2022 roof and a layout designed for easy everyday living. The split-bedroom floor plan features a vaulted ceiling in the living room and a fireplace for added charm.
In the kitchen, you'll find granite countertops, freshly painted cabinetry, and a full set of appliances. The home also has fresh paint throughout, updated bathroom vanities and mirrors, and durable LVP and tile flooring. The primary suite stands out with a large walk-in closet and a spacious bath featuring dual vanities.
Step outside to enjoy the screened-in back porch, fenced backyard, and storage shed. Blinds are already installed, and the washer, dryer, and an additional refrigerator in the garage are included for extra convenience.
Move-in ready and well cared for, this home is ready for its next chapter.
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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