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612 SCHLEY AVENUE
About This Property
The home includes 3 bedrooms, 3 full bathrooms, and main level laundry. The lower level is nearly three quarters finished, providing additional living space along with a full bathroom and flexibility for a recreation room, hobby space, or guest area. Additional updates include replacement windows, all interior and exterior doors, including storms doors have been replaced, an architectural shingle roof installed in 2021, hot water heater replaced in 2021, and gas furnace installed in 2016.
Outside, the fenced backyard offers room to relax, garden, or enjoy time outdoors with thoughtfully landscaped spaces and a nice mix of patio and yard area. Conveniently located within sight of Rosedale Park, close to shopping, restaurants, and everyday conveniences along the 7th Street corridor.
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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