502 ENGEL DRIVE
About This Property
In addition, the property includes two separate In-Law Suites, each with its own living and dining area and private entrance-perfect for extended family or rental opportunities. Recent updates include: Roof replaced in 2015, Water heater replaced in 2020, A/C unit replaced in 2015, Electrical panel (GE brand) replaced in 2015 and Full re-piping with PVC plumbing.
This home is move-in ready and offers versatile living options. Don't miss out on this unique opportunity!
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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