788 VIRGINIA AVE
About This Property
The MAIN floor boasts an efficient kitchen with granite countertops, lovely cabinetry, pantry, breakfast area, formal dining room, separate office, great room with a gas fireplace and wood floors. The UPPER floor has 4 Br's and 2 full baths, primary BR bath offers separate tub and shower. The LOWER level completes the package with a large rec room, full bath, with access to the patio and a small workshop. There is more to love about this home: brand new roof with 30 year architectural shingles, new HVAC 2019, new hot water heater 2018, new sump pump, back yard fenced with wood fencing, heated garage with just installed new insulated garage door. So much here, come and take a look you will not be disappointed.
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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