5 Welstead Place
About This Property
The kitchen features brand-new appliances, making it a perfect space for cooking and enjoying meals. With the added convenience of first-floor laundry. The fully insulated attic offers great potential, whether you choose to finish it for additional living space or use it for extra storage. Enjoy a fully fenced yard with a deck, ideal for relaxing and entertaining during the Spring and Summer months to come. This home is being offered AS-IS, providing an excellent opportunity to make it your own! Delayed negotiations until Tuesday, 3/25/25 at 12PM. Don't miss the chance to tour this property at our Open House on Sunday, 3/23 from 12-2pm.
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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