7 Riga Lane
About This Property
The residence features a primary bedroom with an en-suite bathroom, along with three additional bedrooms and multiple bathrooms. The kitchen is equipped with gas cooking and premium Wolf appliances, offering both efficiency and functionality for everyday use. Central air conditioning provides year-round comfort.
Generous living and entertaining areas create a flexible environment suited for a range of lifestyles. The expanded ranch design enhances the home's layout, providing ample space throughout. A huge expanded unfinished basement offers significant storage or future finishing potential, while the unfinished second-floor space presents an opportunity to easily create additional living space.
Set on over half an acre, the property provides ample outdoor space with a variety of possibilities. This home is near shopping, dining, and transportation
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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