697 Pierce Road
About This Property
Step inside to find a warm and inviting layout featuring a cozy 3-season room, a convenient main floor laundry, and an enclosed back porch perfect for year-round enjoyment. The charming kitchen and living areas provide a comfortable space for everyday living.
Extra amenities include a large basement with storage, huge 3-stall garage for all your vehicles, tools, or toys, a new water heater, and central air. An offer has been received for this property. *** The seller is setting an offer deadline of Saturday, April 19th @ 3pm. *****
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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