5640 Centennial Road
About This Property
The main floor features comfortable living space with a fireplace, while the partially finished walkout basement offers additional living area, a corn burner, and two non-conforming bedrooms. The impressive 26x36 heated and finished garage includes 6' insulated walls, 10-foot ceilings, and a beautiful finished bonus room with heat that may offer potential for additional living space, office, hobby room, or possible fifth bedroom.
Enjoy the privacy, space, and scenic views this property has to offer, including the large pond and spacious yard. With an extra-large heated garage, multiple flexible living areas, and a beautiful setting.
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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