902 Williamsburg Drive
About This Property
Upstairs, you'll find two spacious Bedrooms, each with Double Closets. One includes a private ensuite updated Full Bath, while the other has convenient access to the nicely appointed Full Hall Bath. An oversized linen closet and attic access provide excellent storage options.
The finished walk-out lower level adds even more versatility, featuring an updated Full Bath, Laundry, Office or Storage Space, and a Recreation/Den area that opens out to the rear patio. The parking lots & roadways have just been repaved and edged w/Belgian Block. The community offers a Pool, Playground and All-Sport Court. Ideally located for convenience to shopping, restaurants, schools and more! Note: Paving Assessment has been paid off by the owners ($4,400)
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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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About Putnam
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017