739 SE 36th TERRACE
About This Property
3 bed, 2 bath perfect family home within walking distance to school and just minutes from shopping and restaurants! Home has an additional bonus room being used as a fourth bedroom. Spacious living area has new flooring and large sliding glass doors that look out to a privacy-fenced backyard. Kitchen has plenty of cabinetry for storage and counter height seating. Bathrooms have fresh paint and are completely tiled. Inside the laundry room is a second exterior entrance to the home. New AC was installed just three months ago, and the new driveway was completed this year. Hurricane shutters included. Easy commute to the coast!
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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