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8301 N 47TH Drive
About This Property
8301 N 47th Dr is a one-story Glendale home built in 1974 with 2,089 square feet, four bedrooms and two bathrooms. The galley kitchen has white cabinetry, long stretches of counter space, a cooktop, wall oven and refrigerator. Two living areas provide distinct gathering spaces, including one with a brick fireplace and built-in shelving. The bedrooms are arranged along the main hallway, with two bathrooms serving the single-level floor plan. A covered rear patio opens to the yard, while a two-car carport provides sheltered parking. The combination of multiple living areas and one-level access supports a practical
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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.
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