1 Lee Lane
About This Property
The first floor features a functional layout with a bedroom, a large family room with a wood-burning fireplace, and easy access to the backyard and patio-perfect for entertaining or relaxing. Upstairs, you'll find two additional bedrooms and a bonus room ideal for a home office, nursery, or creative space.
With great bones, a flexible floor plan, and priced with future updates in mind, this home is a fantastic opportunity for anyone looking to renovate and create something special in a highly desirable Rye Brook neighborhood.
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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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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017