8 LINDEN AVE
About This Property
opportunity to renovate and build sweat equity. It offers a fenced in yard and in-ground
swimming pool. The 8,150 square foot lot offers plenty of space to add on. an adjacent building
lot. Purchaser to perform all necessary due diligence required to determine that the lot
conforms to current local codes and regulations to be buildable. Seller makes no representation
regarding whether lot is buildable. Unfinished walkout basement creates storage space as well
as room to increase finished area. The vintage hardwood floors await refinishing. Lovely rear
porch is a great place to relax with a cup of coffee.
Located in a classic Frederick neighborhood, this property is close to shopping, restaurants,
schools and commuter routes. Property is sold "As is, where is". Refrigerator shown in photos does not convey.
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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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About Linden Hills
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Currently no similar homes aroundNearby Rentals
$1,900 /mo
- 2 Beds
- 1 Bath
- 1,176 ft²
$1,875 /mo
- 2 Beds
- 2 Baths
- 975 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017