5811 Houston Lane
About This Property
Please note pictures are not professional pictures. Property went under contract prior to hitting the MLS pool you have always dreamed about. Enjoy your morning coffee and afternoon BBQs under covered back porch. Additional interior features include crown molding in the main living areas, tray ceilings with subtle accent lighting, and a combination of engineered hardwood flooring, tile, and carpet throughout the home. ( Sprinkler system was disconnected and conveys As-Is)
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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