401 ARORA Boulevard
About This Property
SPARKLING pool for your enjoyment. The pool has been renovated and has new pool decking and pump filter. Brand new 30 year roof. Brand new capped gutters. Home has been replumbed and updated wiring. New ceilings with knockdown. New fixtures, fans. Beautiful new kitchen with granite and stainless appliances and a breakfast nook area. THREE new bathrooms. All new double paned windows. All new luxury vinyl plank and tile floors. Brand new hot water heater and New AC system. This home has a huge extra large TWO car garage and sits on a large corner lot. Close to the interstate and shopping. Ready for a new family! Professional photos coming soon. You can still show this home, taking back up offers.
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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