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789 MILLER DRIVE
About This Property
The half bath is conveniently located by exterior door to the garage, and between the kitchen and family room. The family room is located just off the kitchen and from there step out into the light and airy sunroom.
The windows flood the room with light and you can access the patio for grilling and backyard entertaining.
Upstairs you will find three bedrooms. The primary bedroom has a private bathroom recently renovated with a lovely tiled shower and flooring. The other two bedrooms have easy access to the hall bath also recently renovated. This home has upgraded HVAC, hotwater heater,, washer, dryer and windows throughout have been replaced with Anderson windows. The backyard has a large oversized shed with a garage door and a side entrance door. Great for hobbies and storage.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017