820 SE 16th Street
About This Property
FRONT DOOR, ARE SOME OF THE UPGRADES! BEAUTIFUL KITCHEN CABINETRY, STAINLESS APPLIANCES AND GRANITE COUNTERS LEAVE LITTLE TO BE DONE BY THE NEW OWNERS. IT IS A TRUE 3 BEDROOM 2 BATH HOME. THE SPACIOUS BACK YARD HAS NEWER WOODEN FENCE AND A SHED. A CANOPY OF MATURE TREES PROVIDE SHADE. WASHER/DRYER ARE UNDER ROOF. THIS HOME IS CLOSE TO EVERYTHING AND HARD TO FIND IN THIS MARKET.
THE OWNERS ARE PREPARED TO MOVE QUICKLY WITH A CASH 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 Stuart
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017