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7362 EDINBURGH WAY
About This Property
The main level features a spacious living and dining area with a wood-burning fireplace, along with a bedroom and full bathroom. Upstairs are two additional bedrooms that share a full bath, with one bedroom featuring a private balcony overlooking the backyard.
Outside, you'll find a saltwater pool and large screened lanai. The home and pool area need some TLC, but offer a great opportunity for a buyer looking to improve the property and add their own personal touches.
Additional features include an inside laundry room, garage door replacement, roof replaced in 2018, A/C replaced in 2014, and a generator hookup panel in the garage. Conveniently located near shopping, restaurants, medical facilities, and other area amenities.
Bring your ideas and make this home your own!
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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