7567 STRATO Road
About This Property
The garage has been converted into additional living space, complete with a full bathroom and hosting the laundry space, offering flexibility for a guest suite, office, or bonus room. Large windows provide plenty of natural light, enhancing the spacious layout.
Outside, the sizeable fenced-in yard offers plenty of potential for outdoor living, gardening, or future enhancements. While the home has been updated, there's still room for customization, making it a great option for those wanting to add value and make it their own.
Whether you're looking for an investment opportunity or a home with great potential, this property is worth a look!
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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