8 Amy Lane
About This Property
This 1950 square foot raised ranch sits at the end of a quiet, dead-end street in the South Colonie school district. This home offers hardwood floors and the traditional layout. 3 bedrooms on the upper level with a full bath. The kitchen and open dining area are laid out perfectly for gatherings next to the living room with wood burning fireplace. The lower level features a second family room, half bath, and bedroom. Laundry is on the lower level as well. Single-car attached garage, low taxes, desirable location. This is a must see!
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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