8134 Menorca Street
About This Property
Major upgrades provide peace of mind, including a new roof (2022), HVAC system (2022), and water heater (2017). Inside, the home has been refreshed with new carpet in the bedrooms and fresh, modern paint throughout, including kitchen cabinets and garage, creating a clean and inviting space that is truly move-in ready.
The functional layout offers comfortable living, while the additional bathroom features a walk-in spa tub, perfect for relaxation and convenience.
Situated on a generous 75 x 200 lot, the property is surrounded by mature trees and offers a spacious grassed yard that is partially fenced--ideal for enjoying the outdoors. A large storage shed with electric, loft, and shelving provides excellent space for tools, hobbies, or additional storage.
This home offers the perfect blend of location, updates, and outdoor space--ready for its next owner to enjoy. Schedule your private showing today!
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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