5455 11th Street
About This Property
Step inside to a spacious open-concept living, dining, and kitchen area featuring new luxury vinyl plank flooring, updated lighting, and custom wood trim accents throughout that add warmth and character.
The kitchen is well-appointed with granite countertops, stainless steel appliances, ample cabinet space, and a large counter area that provides additional seating and workspace--perfect for entertaining or everyday living.
The floor plan offers privacy, with a generously sized primary suite and two additional bedrooms. Both bathrooms feature updated vanities with modern vessel sinks and fixtures.
Additional features include:
-New HVAC system
-New water heater
-Metal roof
-Dedicated laundry/mud room with extra storage space
-Sliding glass doors leading to the backyard
-Large open living area ideal for gatherings
Situated in Malone, this property offers a quiet setting while still being convenient to local amenities.
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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