4720 Broderick Road
About This Property
Off the kitchen there is a large deck, small fenced in area for the pups, and access to the HUGE workshop and the smaller workshop - yes there are 2! This space has a metal roof which should last a lifetime. Also adjacent to the workshops is the mother in law suite and covered porch. This apartment has a fully operational kitchen, full bath and claw foot tub, built in cabinetry for storage and entertainment.
Inside the large 1st workshop- opens with an overhead garage style door, this area is plumbed with sink and stack able washer and dryer. There is an additional 220V outlets for east of use with power tools. Through the right side of the workshop is the 2nd heated and cooled enclosed workshop with additional outlets and wonderful work space.
The home is equipped with a security system should you wish to activate it. The third bedroom is the mother in law suite, the main house has 2 bedrooms.
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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