507 Fahnstock STREET
About This Property
The home is a 2 BR and 2 BA, completely remodeled by the present owner. You will appreciate the beautiful cabinets and top of the line granite tops along with the new flooring. The washer and dryer are conveniently located in the far corner of kitchen, out of sight but extremely easy to access. Bathrooms and flooring throughout have also been updated. Large dining area directly adjacent to the kitchen and a screened in porch accessible via sliding door provides a great outdoor space. The huge yard provides plenty of space for a garden, a pool or an outdoor area for a pet. Just a short walk to high school and a minute's drive to downtown Eustis offering a wonderful variety of restaurants and activities.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017