7420 NANCEMOND STREET
About This Property
You may not even need all the space of the lower level, but it is pretty amazing for play time, movie night or guests. Just add a popcorn machine and a top shelf of favorites to the wet bar. It's a rare privilege to have a master bedroom in the cool basement, plus a 5th bedroom (or exercise/craft space) and 3rd bath. Quick access to I-495, I-395 is an option but let me tell you a secret - it is only 1 mile to the VRE, that the owner LOVES to take all the way to Union Station. Not crowded, incredibly clean, and you can even take food and drinks. Luxury for only $5. All of this with a community pool, walking distance to Montessori school, all the essential stores and restaurants, even your health, sports and fitness just minutes to the Saint James.
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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