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1 Lilburn Drive
About This Property
This beautiful bi-level home boasts amazing living space. The formal living room and dining room, complete with gleaming hardwood floors, create an elegant and welcoming atmosphere. The new eat-in kitchen with an island makes cooking a breeze. Access to a covered deck overlooking the private backyard is perfect for both everyday living and entertaining. The main level also features a large primary bedroom and two additional bedrooms, all with closet organizers. A stunning main bathroom that is bright and spacious.
The lower level provides even more space for relaxation and recreation, with an extra-large family room, a versatile bedroom/office/den, a full bathroom, a laundry room, and a one-car garage. The fenced-in backyard is ideal for outdoor activities and gatherings.
Located close to the NYC Ferry and train, this home offers easy access to New York City within 30 minutes. Additionally, you'll be just 20 minutes away from New Jersey, Woodbury Commons, West Point, Bear Mountain State Park, Harriman State Park, and Seven Lakes.
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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