4405 Tall Hickory Drive
About This Property
Upstairs there are three generous bedrooms. The front to back Primary has an en-suite bathroom and ample walk-in closet. The remaining bedrooms are quite generous, at 18' X 12" and 14' X 12", with decent closet space. A walk-up unfinished attic with plenty of storage room rounds out the upper floors. The attached garage adds plenty of storage room, or can be easily converted to additional living space. The yard has mature trees in a forest like setting, and requires little maintenance. Just sit back, and watch the birds from your porch or deck!
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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