9702 RHAPSODY DRIVE
About This Property
Sellers provided the following information to the best of their recollection: roof 2018, water heater 2020, HVAC serviced annually, gas furnace installed 2015, A/C condenser 2021, dishwasher 2023, microwave 2018, stove approx. 2000, refrigerator approx. 5 years. Buyers should verify all information.
Situated on a quiet street with mature landscaping and great curb appeal, this home is zoned for Louise Archer ES, Thoreau MS, and Madison HS. Enjoy easy access to parks, shopping, and major commuter routes. Whether you move right in and update over time, or invest in a remodel before moving in, this home offers incredible value to a wide range of buyers.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017