814 HILLSBORO DR
About This Property
Vaulted ceilings in the kitchen / dining room combo. Renovated kitchen, baths, floors and all system are about 3 years old. This brick home has a four-level split design and is in superb condition. The main level features a large kitchen with fireplace, and adjoining dining room. The kitchen has oversized island, stainless steel appliances, and outside access to the back yard. The next level up has three bright bedrooms and two full bath. All main level rooms and bedrooms feature gleaming hardwood flooring. The lower level has one large finished room that is the rec area, another bedroom and a full bath, and laundry/utility room. The HVAC and water heater are new in 2020, and all windows have been replaced. The home has a fantastic fenced in back yard.
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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%.
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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.
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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 Kemp Mill
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$3,500 /mo
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$3,485 /mo
- 4 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017