31
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415 Wabash Avenue
About This Property
The inviting living and dining areas provide an open layout featuring original hardwood floors, while the remodeled kitchen features a new dishwasher to come with the house and main level washer/dryer hookups. All three bedrooms provide generous space and large closets, including an oversized primary bedroom with a private en-suite bathroom and ample storage.
Additional features include an unfinished basement with potential for extra storage, a fenced backyard, a generously sized front porch, and a detached one-car garage.
Enjoy added peace of mind with a brand-new HVAC system and a newer water heater.
Property is broker-owned. The property has passed the City of Belleville occupancy inspection and is move-in ready.
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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