5102 Farley DRIVE
About This Property
NO Flood Insurance and NO HOA! 3 bedroom, 2 bathroom home with one car garage is ready for you to put some personal touches on. A new roof is coming within the next couple of weeks. The AC was installed in 2021, appliances are 3 years old and new garage doors were installed just recently. There is enough room in your yard to park a smaller RV or a boat. There is a sprinkler system but it hasn't been used for years.
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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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About Colonial Manor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017