4805 JAY DRIVE
About This Property
Recent updates include a new roof (2016), HVAC (2016), full home repipe and new water heater (2020), exterior paint (2022), new refrigerator (2023), new well pressure tank (2023), and a water treatment system. This home has great bones and is ready for your personal touches.
One of the standout features is the massive weatherized rear lanai-just add a window unit or mini split AC to significantly increase the home's heated living space.
With so much potential and key improvements already made, this home is move-in ready and full of opportunity. Schedule your private showing today!
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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