740 Cortez
About This Property
Step inside to discover a light-filled open-concept and VAULTED living room! The home's layout features 3 bedrooms and 2 remodeled bathrooms. The convenience of having a second bathroom is a rare and highly sought-after feature in this neighborhood and significantly improves the home's appeal and functionality. Enjoy the crisp look of fresh paint inside and out, ensuring a clean, modern aesthetic throughout the entire property. Other updates include a new kitchen, new vanities, new tile, new light fixtures, new flooring, new doors, new baseboards, new LED lighting, nearly new everything!
This home offers peace of mind with major systems replaced! Mechanicals are brand new, including a new electrical panel, a new AC unit, and a new furnace. All these updates mean lower maintenance costs for years to come.
The exterior of the property is just as appealing. A large concrete driveway provides ample off-street parking, and the spacious, fully fenced backyard offers a private retreat with plenty of room for outdoor gatherings. Conveniently located near local schools, shopping, and dining, with easy access to major highways just a mile away. Don't miss your opportunity to own this turn-key, beautifully updated home. Schedule your showing today!
Note: This home qualifies for the community reinvestment act providing 1.75% of the loan amount with a cap of $7,000 as a credit towards buyer's closing costs, pre-paids and discount points. Contact listing agent for more details.
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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