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706 VANDERGRIFT DRIVE
About This Property
The wood fence was installed in 2022, adding both function and curb appeal. Inside, the home features all newer double-pane windows, allowing for energy efficiency and abundant natural light throughout, along with ceiling fans in multiple rooms for added comfort. Luxurious vinyl tile flooring enhances the kitchen and family room, offering both style and durability. The guest bathrooms have been renovated, providing updated finishes and a fresh, clean feel.
Major system updates have already been taken care of, including a water heater installed in 2013, roof replaced in 2018, A/C updated in 2019, and a full re-plumb with PEX piping completed in 2020. Schedule your showing today!
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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