837 Hemlock Street
About This Property
Tucked away in a quiet neighborhood, just west of US 1 and Sarno Rd, this stunning home has been fully renovated from top to bottom. The open floor plan is illuminated with natural light from new windows. The kitchen has an island, new stainless steel appliances, new cabinets, countertops, and a large sink with a Moen faucet. It has three sizable bedrooms and one large bathroom, which has a double-sink vanity, walk-in shower and tub. New A/C, electrical, plumbing, and hot water heater. New laminate floors, crown molding, tile, and Moen fixtures throughout. New washer and dryer are also included. The patio is an excellent place to enjoy the peaceful backyard enclosed by a privacy fence
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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