65 Turner Avenue
About This Property
quickly plowed streets, curb appeal, oversized covered enclosed front porch, double wide concrete driveway
screams come right in and never worry about parking on the street again! Wide plank hardwood floors flank the
living room and dining room. The kitchen boasts granite counter-tops, breakfast/island area for conversation
while cooking. A second level provided 2 large bedrooms with brand new luxury vinyl plank flooring and a stylish
bathroom. Pets and kids remain safe with fully fenced privacy fence, and backyard oasis that includes a stamped
patio and a large garage with an insulated workshop area. Furnace, air-conditioner, sump pump, water heater, all
new in the last 8 years.
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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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Data Source: NYSAMLSs, MLS# R1606452
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017