9302 LONG BRANCH PARKWAY
About This Property
With 3 bedrooms and 1 recently renovated bathroom, this cozy and well-maintained home is ready for you to snuggle up next to the working wood stove this winter. Alternatively, gather around the backyard fire pit or access the Long Branch Trail system from the rear gate.
Updates include a new roof with a 50-year warranty; a fully gutted and tastefully renovated bathroom, including all new plumbing; new light fixtures, ceiling fans, and outlets/switches throughout; fresh paint; a custom closet in the primary bedroom; and gorgeous landscaping filled with native perennials.
Additional highlights include a large covered front porch, a clean and dry basement that is already set up with HVAC, a generously-sized main bedroom, original hardwood floors, a large backyard shed, and natural privacy with nothing but trees behind the home.
This home is within a few blocks of multiple bus routes and will be only a short half-mile walk to the eventual Purple Line station.
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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 Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017