15
Map
74 ROGERS STREET
About This Property
The home sits on a generously sized lot with plenty of outdoor space to enjoy, garden, or expand your possibilities. A massive, detached shed/garage offers excellent storage for tools, equipment, recreational toys, or workshop space. Inside, the dry basement provides even more room for storage and offers potential to finish for additional living space, a hobby area, or home office.
While the property could use some cosmetic updates including paint and clean-up, all major systems are functioning properly. Being sold strictly AS IS, this is a fantastic opportunity for buyers looking to build equity or add a strong rental property to their portfolio. With its functional layout, oversized storage options, and investment potential, this property is full of possibilities at an affordable price point.
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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