8247 RIVER ROAD
About This Property
Enjoy peace of mind with brand-new plumbing, completely rewired electrical, new HVAC system, and a new water heater. The kitchen is a true showstopper with white shaker cabinets, quartz countertops, and brand-new stainless steel appliances including a refrigerator, dishwasher, microwave, range, and stove.
Both full bathrooms have been fully updated with custom tile work in the shower and tub areas, blending style with functionality. The home also features a finished basement, ideal for a family room, home office, or guest suite.
Additional upgrades include a new garage door, new driveway, and modern fixtures throughout.
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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