52
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6 Bay Harbor Road
About This Property
The dining area is great for family dinners and the spacious family room features a wood burning fireplace and a masterfully crafted custom-built wall of bookshelves. The master bedroom features two large closets and a spacious master bath with double sinks, soaking tub and and large shower with inlaid stones. The two upstairs, generously sized, ensuite bedrooms afford privacy for family and friends.
In addition to the main house, there is a detached two car garage with guest apartment above. The guest suite has a full bath and enough room for a king size bed.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017