517 39th AVENUE
About This Property
The star of the home is the modern swimming pool and large backyard that comes with ample space, an upgraded and updated full bathroom for easy access to and from your backyard oasis with covered patio that is wired for speakers and a tv.
The home has a single vehicle attached garage with washer and dryer.
Each bedroom is large enough for king size beds and furniture.
From either the front door or side garage door the home flows between living and dining rooms to the kitchen and down the hall to the full size bathroom and bedrooms.
Home was fully inspected and is move in ready.
Owner will supply his construction plans that cost $4k at closing complimentary to you so you can see options on how to expand the living space.
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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