697 GROVE PARK Boulevard
About This Property
Average cost of utilities-
10/09 $168
09/09 $166
08/09 $192
07/09 $145
Age/Condition of AC unit and handler -
2005 1 CONDENSER PH10JA042 PAYNE 3.5 ARI 10.1& 7.2 Unknown age of handler- We had it serviced in 05 and no indicator that it needed replacement.
Age of water heater 2005
Plumbing - Kitchen was updated in 2005, while cabinets and some of the walls were down for the remodel, went ahead and replaced the supply and waste lines. Owners felt they would get better drainage with new supply lines in baths, so updated the supply lines in 2008. Also have updated shut off valves and updated faucets.
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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