7108 Penn Way
About This Property
You'll love the open and airy feeling this home brings, with lots of natural light throughout. The dining and living areas offer plenty of room for your family and friends to gather. The kitchen is sure to impress the at home bakers and chefs. It has all stainless steel appliances, an island with a counter height breakfast bar, plenty of counter and cabinet space, and large walk-in pantry. The primary bedroom is spacious and features an en suite bathroom with a double sink vanity, walk-in shower, and garden tub. The other three bedrooms offer plenty of room for sleep and study and share another full bathroom with an oversized tub and shower combo. This home also features a finished 2 car garage and laundry room. Step into the fully fenced in backyard and you'll love the manicured yard and covered patio. Come check out this beautiful, move in ready home 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