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7517 AXTON STREET
About This Property
Finished walkout lower level includes a recreation room, full laundry room, and renovated full bathroom with frameless glass shower. Upstairs features three bedrooms, renovated bathrooms with frameless glass showers, updated vanities, mirrors, lighting, and fixtures, plus a soundproof wall in the primary bedroom. Fresh paint throughout, painted shutters and railings, updated landscaping, power-washed brick and patio, updated shed, and a freshly painted black front door.
Private rear yard backs to trees and offers a flat grassy space, brick patio, mature landscaping, storage shed, and driveway parking for 3 cars. Conveniently located near parks, shopping, dining, commuter routes, multiple preschool options, and North Springfield Park & Playground just 0.1 miles away.
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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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About North Springfield
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017