622 NE 29th AVENUE
About This Property
Layout: 2/2 spacious open concept
Plumbing: All grey pipes replaced in 2018
Hot Water Heater: New in 2018
Air Conditioning: Updated in 2020
Roof: Cool sealed in 2024
Bathroom Updates: New commode, vanity, and shower installed in 2018
Kitchen: Wood cabinets
Location: Quiet area on a private road
Additional Features: Large shed suitable for a mancave or workshop
It sounds like this property has been well-maintained and upgraded in key areas. The combination of modern updates and a quiet location makes it a great option for someone looking for a comfortable and functional living space.
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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