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61 Zenith Road
About This Property
Downstairs is a stylish 1-bedroom, 1-bathroom suite complete with its own electric meter, separate washer and dryer, and a beautifully finished layout that feels like a home of its own. The home sits on a spacious lot with a great driveway and plenty of parking, all in the Rocky Point School District. Whether you're looking to offset your mortgage or an investor looking for smart returns, this property offers unmatched flexibility and value.
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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