4361 Shea Road
About This Property
The home features a spacious primary bedroom with its own fireplace, along with two additional bedrooms and a partly finished basement offering flexible space for a recreation room, gym, storage, or future expansion. The interior and exterior have both been freshly painted, providing a clean and inviting feel throughout.
The expansive 2-acre, fully fenced-in lot provides plenty of room for outdoor activities, gardening, entertaining, or simply enjoying the surrounding property. At the back of the property, take in beautiful views and enjoy stunning sunsets.
Located in a desirable Onondaga Hill neighborhood, the property offers convenient access to NY-173 (Onondaga Road), NY-175 (West Seneca Turnpike), NY-80, I-81, and I-690, providing easy routes to Syracuse and surrounding communities. Nearby amenities include Upstate Community Hospital, Onondaga Community College, shopping, restaurants, and local services.
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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