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500 FINSBURY ROAD
About This Property
Inside, the main level features a spacious and flexible layout with a large bedroom, half bath, kitchen, living room, dining area, and an additional room ideal for a study, office, or formal dining room. Upstairs offers four bedrooms, including one that has been opened to the primary suite and can serve as a nursery, sitting room, dressing area, or expanded closet space, with the option to convert it back if desired. Both upper-level bathrooms have been recently renovated.
The finished basement provides additional living space with a family room and half bath, while the unfinished portion offers laundry, storage, and utility space. A carport and expansive driveway with newer asphalt provide ample parking. Conveniently located near parks, trails, schools, shopping, commuter routes, bus service, and Metro access, this home offers the perfect blend of space, natural beauty, and everyday convenience.
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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%.
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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