7707 Buffalo Trl
About This Property
Notable improvements from 2021 to 2023 include new wide plan oak hardwood floors in the dining + living rooms, a new mudroom with benches and built-ins, glass shower doors for the primary + basement showers, a new dining room chandelier, kitchen chandelier, powder room, and primary bedroom closet nook, a basement bathroom update with new shower faucet, Hunter Douglas window coverings in the kitchen, 2 new sump pumps, a fully renovated main floor bathroom, crown molding in the 2nd and 3rd bedrooms and basement bedroom, and a brand new sport court/pickleball/basketball court. The home also has 2 new furnaces, 2 new water heaters, + a new AC unit. With a fabulous back patio featuring gas fireplace, covered and uncovered areas, and breathtaking Colorado sunsets, this home truly has it all.
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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