6213 ALPINE ST
About This Property
practical living space. The main floor features hardwood flooring in the living and dining rooms,
adding warmth and character. The kitchen and bathrooms are updated with contemporary ceramic
tile flooring, providing a modern touch. Upstairs, a large loft bedroom provides a spacious retreat,
while the main level includes two additional bedrooms, both with hardwood flooring. Outdoors, a
large stand-alone deck in the fenced backyard offers a perfect spot for relaxation or entertaining.
The home has a new roof as of April 2024, ensuring durability. This property presents a great rental
opportunity, with a steady rental income of $30k over the past year, consistently fetching
$2400-2500 on Airbnb. The community offers a peaceful residential atmosphere, making it an ideal
choice for both homeowners and investors.
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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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About District Heights
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$2,999 /mo
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- 1,671 ft²
$2,800 /mo
- 4 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017