58 Travis Road
About This Property
The primary bedroom with en-suite and walk-in closets is conveniently located on the first floor. Also on the first floor is the kitchen with breakfast nook, dining room, and the spacious living room with cathedral ceiling and wood-burning fireplace. The hardwood floors throughout the first level have been newly refinished, and there are tile floors in the mudroom, kitchen, powder room, and front entry. Two additional bedrooms with a shared bathroom are located on the 2nd floor as well as an office. An added bonus is a loft area with skylight for cozy movie nights. The interior is freshly painted throughout, making this home move-in ready. French doors in the living room and breakfast nook provide access to the spacious backyard. (New decks outside the doors are currently being built.)
This home is located on a quiet country road yet is close to main roads for easy commuting, and is just a short drive to the town of Pleasant Valley and Arlington Central elementary and middle schools.
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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