4125 WORCESTER ROAD
About This Property
Detached concrete block one car garage has been converted to an office, studio or other flexible space. Features full bath and high efficiency window AC unit. Easy conversion to mother in law or other dwelling. Additional parking spot under attached canopy is great for a small boat or trailer.
Additional large 20 x 22 garage with workshop and loft built 2023 has electric and lighting. Extra height ceiling allows for included auto lift. Also featuring additional 130 square ft covered workspace behind the building. Folding ladder to access the loft gives so much additional storage.
10 x 6 utility shed with ramp for all of your lawn maintenance and household tools.
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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