7503 VALE ST
About This Property
This spectacular residence has been beautifully maintained and thoughtfully updated! The home boasts inviting, and abundant sunny spaces for everyone, -some with radiant floor heating! There are premium level Marvin & Pella windows throughout much of the house. The third level loft offers an amazing home office work space.
The rear grounds are sunny & expansive affording a private park-like oasis. Rock Creek Park is mere steps away and offering endless possibilities for outdoor enjoyment. Historic Meadowbrook Stables & Candy Cane City are certainly "bucket list" places to visit and they are within easy reach. There's even a metro bus stop a few doors away on Leland Street!
Note: interior square footage quoted may not be exact & the third level bedroom is possible by adding a closet & doorway (easy to do). House location survey attached in "documents".
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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