6453 Otis Road
About This Property
Home needs some updating but is large and on a great lot and in great location. Large wraparound deck. 5 bedrooms (includes 3rd floor bunk room), 3.5 baths, super large kitchen with center island, eating area in bay window. Large mudroom to left of front door for storage. Solid surface counters.
Master suite has a jet tub, a very large walk-in closet, large private bath, and a very large sitting/dining area with skylights in the lakeside 2nd floor.
Kitchen has two very large refrigerator/freezers, a 5 burner gas GE stove top, nice cabinets, tiled floor, lake views, and large center island.
Glass conservatory is not included in square footage.
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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