92 VEGAS DRIVE
About This Property
Inside, the home has been completely transformed with all-new flooring, fresh paint throughout, updated lighting fixtures, switches, and outlets. The brand-new kitchen features all new appliances, while the remodeled bathroom plus an additional newly added bathroom offer modern comfort and convenience. A new high-efficiency HVAC system ensures year-round comfort, and the new pellet stove provides cozy warmth with the added benefit of a tax rebate.
Additional upgrades include new front and rear doors and thoughtful finishes throughout. Ideally located just one mile from the YMCA, church, shopping, restaurants, and an elementary school, with easy access to major routes. Only approximately 10 minutes to the Maryland border. A fantastic location and a truly turn-key home-this one is a must-see!
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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