623 Steward Avenue
About This Property
Upstairs, you'll find three comfortable bedrooms and second full bathroom. Enjoy your morning coffee or evening chats on the inviting front porch or unwind in the fully fenced backyard perfect for pets, play or gardening. A standout feature is the garage/barn, offering two stalls with overhead doors and a full second floor for extra storage, a workshop or potential studio space. Recent Updates Include: Newer siding and new house roof 2021, barn roof replaced 2022, newer lower-level windows 2022, new furnace '16
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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