6247 DENNISON Avenue
About This Property
This home just received a beautiful upgrade with New Luxury Vinyl Flooring, New Lighting and New Ceiling Fans. New Appliances including: New Refrigerator, New Dishwasher, New Stove and hood. The home was just recently painted and this is just the beginning. There is a New Roof, New Guest Bathroom tub and surround and New Sink!
In the Primary Bath a New spacious tiled shower is stunning and there is New Carpet in all the bedrooms! This home has a wonderful fireplace with a wood mantle and built in bookcases and storage. There is a separate laundry room with plenty of storage and a spacious covered screened porch in back. All this plus a circular drive close to town! Truly a MUST SEE!
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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