70 W 2ND AVENUE
About This Property
Welcome to this well-maintained 3-bedroom, 1-bath rancher tucked away on a quiet street, offering the perfect blend of comfort, updates, and functional space. The main level features just over 1,050 sqft of easy living, with an additional 700 sqft finished basement-ideal for a second living area, home office, gym, or whatever fits your lifestyle.
Key improvements have already been handled for you, including a new roof, HVAC system, and hot water heater (2021), providing peace of mind from day one. Outdoor improvements continue with a front deck (2024), back deck (2021), and a fully fenced yard (2024) creating a private setting for relaxing, entertaining, or everyday enjoyment. The in-ground pool makes this home especially enjoyable during the warmer months, while the 2-car detached garage offers plenty of space for parking, storage, or hobbies.
Additional features include Govee permanent exterior lighting and security cameras, both of which will remain with the home. To top it off, a transferable prepaid home warranty through March 2027 adds even more value and confidence for the next owner.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017