5581 SE 35TH STREET
About This Property
2 more bedrooms and guest bath. Home features gas heat, gas stove and gas water heater. Indoor laundry room with plenty of space for clothes rack or storage items. All main areas of home have high end wood look tile flooring! Enjoy this picturesque back yard from the Lanai. The gardener in your family will love the privacy and security of the fenced in back yard, with so many Edible plants for you to enjoy. Watermelon, Fig, Meyer lemon, Roselle Hibiscus, Pineapple, Rosemary and Blackberries. Flowers include Spider lilies, Amaryllis, Poinsettia Sunflower, Day Lilies, Ginger, Angels Trumpet, Bougainvillea, Aloe Vera, and Fire Spike. With a .31 acre lot, you can share family and friend time to gather for cookouts and get togethers. Call and schedule an appointment to see this amazing 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017