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809 Magnolia Avenue
About This Property
The impressive kitchen is designed to stand out, featuring quartz countertops, contemporary cabinetry, and stainless-steel appliances. In addition, every closet has been custom designed, offering both style and exceptional storage space. The home also includes a two-car garage with an automatic garage door.
Ideally located in a rapidly growing area with convenient access to shopping, restaurants, schools, and major roadways, this property presents an outstanding opportunity for both homeowners and investors alike. Schedule your private showing today and discover everything this exceptional home has to offer!
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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 Richmond
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017