4101 OLD WASHINGTON BOULEVARD
About This Property
Full basement with outside entrance from stairs and partially finished space. Transferable lifetime basement waterproofing warranty completed in 2014. Roof and gutters replaced in 2018. New 250-gallon oil tank installed in 2025 (over 30k in mechanical updates since 2014).
The rear covered porch overlooks the backyard and the above-ground pool (conveys with the property).
Driveway/off-street parking.
Property is being sold as-is and priced to reflect the condition. Home requires updates, including flooring, paint, appliance replacement, and structural foundation repairs. Suitable for investors, contractors, or buyers seeking a renovation opportunity.
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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