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9 Shell Road
About This Property
The Lower Level Features Two Separate Areas, Each With Its Own Exterior Entrance, Including A Workshop And A Separate Living Or Recreation Space. Enjoy The Convenience Of Washer And Dryer Hookups On Both Levels, With The Washer And Dryer Included! Additional Highlights Include Numerous Replacement Windows, Newer Sliding Glass Doors Leading To The Rear Deck, And A Welcoming Trex Front Porch With Vinyl Railings. Step Outside To Enjoy The Backyard, Complete With A Storage Shed And A Spacious Fenced Garden Area Just Waiting For Your Green Thumb! With So Many Recent Improvements And Versatile Living Spaces, This Home Wont Last! Don't Miss This Opportunity To Make It Yours! More Pictures To Come!
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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