4108 4th Avenue NE
About This Property
Step outside and fall in love with the backyard - a great space to build a pool, add a shade area, or make it your own (1 1/4 acres). The yard features a mango tree and shaded spots at the entrance, making it ideal for outdoor gatherings. You'll appreciate the no HOA restrictions, giving you the freedom to customize your space without limits.
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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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Address: 335 Madison Avenue, New York, NY 10017