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612 219TH
About This Property
Upstairs, the primary suite features a ceiling fan and carpeting, along with a private bath offering a double vanity, soaking tub, and walk-in shower. Two additional bedrooms share a full hall bath with a tub/shower combination. The convenience of an upper-level laundry room adds to the home's functionality, while a huge attic storage area above the second bedroom provides an abundance of additional storage space.
The finished basement offers a carpeted room with chair rail, recessed lighting, and ceiling fans, along with walk-out stairs providing easy access to the rear yard. Outside, enjoy plenty of space for relaxing and entertaining with a deck, patio, built-in firepit, and fully fenced backyard. A storage shed provides additional space for outdoor items.
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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%.
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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