401 24th Street
About This Property
This beautifully maintained home in Summit Township offers 3 bedrooms and 2 full baths with a bright, open-concept layout and vaulted ceilings. Built in 1999, it features a spacious finished basement with 9-foot ceilings, perfect for additional living or recreation space. Enjoy relaxing on the full-length front porch or in the inviting 3-season room with natural wood finishes and vaulted ceilings.
Additional highlights include a 2-car garage, fenced-in backyard, and mechanicals updated within the last five years-including the furnace, central air, and tankless water heater. A comfortable, move-in-ready home combining character, function, and modern efficiency!
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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