401 E SHAW AVE
About This Property
sparkling high end floors and mirrors. Off the foyer is a family room with fireplace, door to the garage and to the backyard. There is also a bedroom/den and a powder room and shower with another door to the oustdide. The floors on this floors are engineered wood flooring. There are just a few steps up to the table space kitchen with a bay window, window seat, silestone counter tops, double sink,lots of cabinets and storage, ceramic floor, breakfast bar and recessed lighting. Adjoining the kitchen is the dining room with door to the outside, recessed lighting, wide relacement baseboard, and built-in shelving. Next to the dining room is the large living room with large, sunny windows with beautiful custom shades.. The living room, dining room, and upstairs bedrooms have upgraded gorgeous hardwood floors. Upstairs, there are 3 bedrooms, a full master bath , and a full hall bath, 2 linen closets, There is a sub meter for water and a Tesla charger in the garage.The backyard is fenced with a pool, pagoda, pool equipment, shed, new deck and a hot tub. The pool and hot tub haven't been used in years and the owner knows there are cracks and missing tiles but hasn't tested for structural integrity or anything else as the pool hasn't been filled. The owner is offering a $12,000 credit to go towards removing the pool. This property is being sold "AS IS". Fantastic location near schools, FDA, shopping, grocery stores, library, public park with walking trails, pools, and more. Close to major commuter roads- Rt. 200, Rt 29, Randolph Rd. and New Hampshire Ave.There are special mortgage programs available for this property that allow for zero down financing with no PMI and other great features. .
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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%.
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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.
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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.
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About Colesville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017