525 45TH STREET
About This Property
Remodeled first floor bathroom and convenient washer and dryer. Three spacious bedrooms, including a primary bedroom with a bright sunroom / bonus space. Remodeled upstairs bathroom. Mini split system allows for efficient, customizable temperature control.
Extensive driveway leading to a two car garage with an additional carport. Large front yard. The home is set back on the lot, offering added privacy from the road. Ideally located just minutes from Canton, Brewers Hill, Greektown, Fells Point, and the Inner Harbor. Enjoy easy access to grocery stores, shopping, restaurants, family attractions, and beautiful waterfront views. Experience the feel of county living while being just minutes from city life. Check out this gem today.
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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