5124 River Birch AVENUE
About This Property
The roof was replaced in October of 2022 and the AC system was new in 2019. This home features a large vaulted ceiling living room that opens onto a dining room and bright kitchen. The master bedroom is a good sized 13 x 17 ft complete with master bathroom with double sinks and a large walk in closet. The second bedroom also features a nice walk-in closet. There is a small computer room with attached desk that opens out onto a large Florida room with its attached utility room. Washer, dryer, range, microwave and newer refrigerator all convey with this home. This home comes completely FURNISHED with a king size bed in the master bedroom along with all the other furniture for a quick and simple move in. A handicap ramp is also featured with access to the living room from the front porch. This home is being sold AS IS....and is a CASH ONLY Listing!
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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