5639 Lovers Lane
About This Property
Set enough off the road to feel removed from daily activity, and with safe, convenient access off the side street, it's easy to forget that you're on a corner lot. One-car detached garage (currently a work in progress) is set against large open lot to the East (owned by neighbor) which provides nice separation between homes. Michigan basement is clean and dry, and provides surprising space for storage, mechanicals and even a workout area. Buy with greater confidence knowing your purchase includes a Century 21-AHS, one-year Home Warranty. Buy Today, Live Better Tomorrow! Visit: www.CuteLittleBungalow.com for more information.
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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