767 Michigan Ave
About This Property
windows *updated to vinyl* and original wood floors in decent shape. Foyer entry, measures 8x6, is a great space before
you enter the house. Big living area and huge kitchen/dining combo. Two bedrooms, each with standard size closet. Back
door accesses the backyard with 6' privacy fence that backs to alley. OUTSIDE! 11x14 shed built from cinder blocks has
concrete floor, electric & heat.. not sure if it works but potential is there! Two car detached garage measures 24x24 plus a
long & wide driveway for plenty of off street parking. No representation is made to information provided including SqFt,
room measurements, taxes, zoning, schools, features, acreage, utilities, etc. Buyer must verify all information.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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