790 UNIVERSITY DRIVE
About This Property
Step outside and you'll find a gardener's dream backyard-fully fenced with mature trees, a patio perfect for relaxing or entertaining, and plenty of space for your green thumb to flourish. While the home is in good shape overall, it does need some TLC on the exterior, making it a fantastic opportunity to customize and build equity.
Whether you're looking for a great investment or a forever home you can make your own, 790 University Drive delivers both potential and charm in one package.
This property is being sold under a guardianship, which means that any accepted contract will require third-party court approval before it can be finalized. While this step may add a bit of time to the process.
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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