5024 Hematite Street
About This Property
The huge master suite is a standout, designed for relaxation and comfort. It includes a glassed-in shower, jacuzzi tub with built-in TV, and heated floors--a true retreat. Downstairs, the partially finished basement adds valuable living space, including the third bedroom with an egress window. There's excellent potential to expand or customize the remaining area to fit your needs. Fresh paint and new carpeting. Outside, enjoy a fenced backyard, new deck off the slider, and a stand-alone sauna--perfect for unwinding. Extras- Master bedroom has custom built in TV (stays) with surround sound. Tesla charging station in the garage.
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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