554 BOWIE Boulevard
About This Property
The chef-inspired kitchen is a true standout, featuring newer stainless steel appliances, elegant 42-inch white shaker cabinets with soft-close drawers, sleek granite countertops, and a striking glass tile backsplash that adds the perfect finishing touch. Major improvements--including a 2024 roof, 2024 water heater, and 2024 HVAC-provide exceptional peace of mind.
Both bathrooms have been stylishly updated, while luxury vinyl plank flooring flows through the main living areas and plush carpet adds comfort to each bedroom. Upgraded plumbing and electrical fixtures throughout enhance convenience and functionality.
Step outside to a spacious, fully fenced backyard, your own private retreat ideal for entertaining, gardening, or simply unwinding.
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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