5103 Taylor Road N
About This Property
The existing residence offers approximately 1,032 living square feet, consisting of a 744-square-foot 1973 mobile home with a 288-square-foot addition constructed in 1979. The property is currently classified as a single-family home according to the public property appraiser.
The home features 2 bedrooms and 2 bathrooms and offers an opportunity for renovation and customization. Major system ages are unknown. The HVAC system is approximately from 1997, is currently functioning, but is in need of replacement. The interior will require cosmetic updating, and the exterior would benefit from cleanup and improvements.
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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