542 Sylvia Road
About This Property
This home has many possibilities. Could make for a great multi-generational home. Possible set ups could be 4 bedroom 2 1/2bath or 4-bedroom 3 bath with a little work there is plumbing and room for a shower. Another option might be 2-bedroom 2 bath with a bonus room and then have the other side as a 2-bedroom 1 bath. This set up makes the side door great for a second private entrance. Property also features two HVAC units one for each part of the home. New owner would or could have options. Side yard currently stores a travel trailer. Main back yard Chain fence.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 14, 2024 | Sold | ||
| Sold | |||
| Apr 25, 2024 | In contract | - | |
| In contract | |||
| Apr 20, 2024 | Listed by ITG Realty | $290,000 | |
| Listed by ITG Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017