4 Meadowlark Lane
About This Property
in ground pool. Possible 4th bedroom on lower level. Large covered deck on back of house. Gas stove is 5 years old. Most windows on the 1st floor, downstairs patio door, garage entry door and all interior doors replaced 8 years ago. Public water. New water softener installed in 2023. Septic tank pumped and serviced in
September 2022. Original hardwood floors in bedrooms and living room, which has Roman
shades recently serviced. Hot water baseboard heat. Multi car driveway with 2 car garage underneath. In ground pool sold in ''as is'' condition.
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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