601 MAIN AVE
About This Property
The first floor includes two spacious bedrooms with ample closet space and a full bath. The bathroom is beautifully designed to include ceramic tile floors and walls all with a modern flair. Head upstairs where you'll find two additional large bedrooms with decent sized closets and another stylish, modern bathroom . The lowest level of this home is a huge basement with high ceilings making it the perfect space to be finished for additional living space or additional storage.
Additional upgrades include a new roof, 200-amp electrical service, brand-new HVAC, recessed lighting, and fresh paint throughout. Plus, the seller offers a one-year home warranty. This move-in-ready home is absolutely beautiful and is ready for a lucky family to move in and enjoy with total peace of mind!
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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