8579 Gray Ct
About This Property
FEATURES. Backs to green belt walkway. Roof and hooded gutters less than 5 years old. Main sewer line with exterior clean out replaced 6 years ago. Secondary sewer line cleaned 3 months ago. Exterior paint in excellent condition. No covenants to prevent RV parking in front. Parking apron in back will fit up to 3 cars. Patio wired for 220. Stone and brick recessed patio area in front. Acoustic ceiling removed from main floor level. Very large back yard with 2 car detached garage. Updated Electrical service. Vinyl windows.
Furnace less than 6 years old. Sprinkler system front and back. 2 car detached garage with 220 wiring.
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Cap Rate Calculator
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017