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806 Lyngrove Drive
About This Property
Welcome to this inviting three-bedroom, one-and-a-half-bathroom home. This single-story residence offers 1,830 square feet of potential and comfort, making it a fantastic opportunity for first-time homebuyers or investors looking to add value. As you enter, you'll find a spacious living area filled with natural light, perfect for family gatherings or quiet evenings at home. While the home does need some updating, it provides a solid foundation for your personal touch and vision. The expansive backyard presents an excellent opportunity for outdoor entertaining or gardening, making it a great space to enjoy the outdoors. With its prime location near Highway 45, commuting and access to local amenities are a breeze. This property is a blank canvas waiting for your creative ideas to transform it into the home of your dreams. Don't miss out on this opportunity-schedule a viewing today and envision the possibilities!
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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