50 Illahee Point
About This Property
bedrooms and two bathrooms with timeless character throughout. Renovated in 2019, the home features
tasteful updates, an inviting wood-burning fireplace for cozy winter evenings, and an expansive deck perfect for
relaxing or entertaining on warm summer nights. Enjoy the ease of main-level living, along with a generous downstairs storage ideal for recreational gear, a workshop, or additional flex space. This home is move-in ready and a must see!
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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