5 Hillcrest Place
About This Property
leads to the Large Open Living Room Dining Room and a Kitchen with ample Cabinetry and Pantry with Sliding Glass Doors to a 20 X 23" Maintenance
free Trex Deck. The Five Burner Double Oven Range, and Refrigerator Stay. Large Master Bedroom and Bathroom on the First Floor has a private
entrance. Additional room for Office. Three Bedrooms and bath on the second level, Tile and Hardwood Floors, New Electric and Electric Panel, New
Boiler, New Plumbing, Full Finished Basement and Bath, for Family room or extra Bedroom. Large level yard with a 5 "4" H X 21' Diameter A G Pool
with accessories, 10 ' 10' Shed, Paved Driveway, parking for up to six cars. More pictures to com.
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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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About Newburgh
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Data Source: OneKey MLS
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Address: 335 Madison Avenue, New York, NY 10017