44 MIDWAY LANE
About This Property
an enclosed porch off the kitchen with windows for enjoying the garden or watching the kids. The driveway is great for off street parking and will hold at least two cars possibly three. The home offers gas heating, gas & cooking and washer & dryer. There are pull down stairs for access to the attic for extra storage. There is also a storage shed in the yard for all your gardening tools and storage.
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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