4024 ROOP ROAD
About This Property
The lower level is a complete in law suite with a private exterior entry as well as interior access . The Kitchenette, bedroom and full bath even have a private laundry room and additional storage area. Additional laundry area upstairs for the main house to access.
And the land! A LOVELY 1.5+ acre mostly wooded lot embraces this perfectly sited home. The inviting covered deck awaits hours of relaxation and enjoyment. There is an additional side deck for morning coffee and evening sunsets. Plenty of room for gardening, playtime, pool and pets. An ideal blend of privacy while minutes to major commuter routes.
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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