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6218 RAINIER DRIVE
About This Property
Upstairs you will find 4 good sized bedrooms including a primary bedroom & ensuite bathroom with vaulted ceilings & a large walk-in closet. The primary bath also has double sinks, a soaking tub & separate shower.
The finished, walkout lower level consists of a cozy recroom, laundry and a huge storage area that could be finished into a couple more rooms.
Other amenities include fresh paint throughout, new carpeting, a one-car garage, bay windows in the living room and breakfast nook, a three-piece rough in a full bath in the basement
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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