6248 Corwin Road
About This Property
The living room features a cathedral ceiling, creating an open and airy feel, while the spacious upstairs bedroom offers the convenience of an adjoining half bath. A covered side porch provides a welcoming spot to relax and enjoy the outdoors, and the large deck is the perfect space for hosting outdoor barbecues or enjoying the serene backyard.
Outside, you'll find a large, private lot with two driveways, two sheds, and an impressive detached three-car garage offering abundant storage space and room for a workshop or hobbies. The convenient location is close to shopping, schools, and everyday amenities.
This property offers great space and versatility and is ready for your personal touch to make it your own. Bring your vision and make this home your own!
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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