8347 Umatilla Street
About This Property
Upgraded throughout with top of the line upgrades. New kitchen with shaker cabinets, quartz counter tops and stainless steel appliances. LVP flooring throughout main floor that has 3 large bedrooms + 1 bath and spacious living room. Sliding doors in dining area open to HUGE fenced in back yard with concrete patio that will be perfect for outdoor living. Did I mention the new 6ft tall PRIVACY fence in the backyard? The completely finished basement has 2 large bedrooms, new carpeting, 3/4 bath with custom tile and a HUGE living room /game room big enough for a full sized pool table! The attached, oversized one car garage has a new door and room for storage. Finally, the covered front patio adds additional outdoor living space you will surely love!
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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