45 Main Street
About This Property
Inside, beautiful hardwood floors, abundant natural light, and generously sized rooms create a warm and inviting atmosphere from the moment you step inside. The spacious living and dining rooms provide plenty of room for entertaining or relaxing, while the oversized eat-in kitchen offers exceptional cabinet and counter space and is ready for your personal touch. A flexible bonus room off the dining room is perfect for a home office, reading nook, playroom, or hobby space. Both bedrooms are generously sized, easily accommodating king-size bedroom furniture, and each features its own walk-in closet, a rare find in a home of this era.
Enjoy your morning coffee or unwind after a long day from one of the home's enclosed porches. Step outside to discover a spacious backyard with plenty of room for gardening, entertaining, pets, or simply enjoying the outdoors. The property also includes two off-street parking spaces conveniently located behind the home.
While the home could benefit from some TLC, it is priced accordingly and presents an outstanding opportunity to build equity from day one. The property is unlikely to pass FHA/VA due to peeling paint.
$5,000 credit at closing for qualified homebuyers using local banks. Bring your vision and make this charming village home your own while building equity along the way.
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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