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406 Amherst Avenue
About This Property
Major updates provide peace of mind including a 2024 roof, A/C (2018), and water heater (2017). Inside, you'll find thoughtful upgrades such as a custom kitchen island and a beautifully updated walk-in shower. The home also features a convenient U-shaped driveway with ample parking, a spacious laundry room with extra storage, and a storage shed for added convenience.
The large covered porch with multiple ceiling fans extends your living space outdoors, making it perfect for year-round enjoyment. This home truly combines style, comfort, resort-style living and ready for its next owner!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017