1 Paulette Lane
About This Property
This bright 3300 sq ft raised ranch offers 2100 sq?ft of original living space (built in 1974) and an additional 1200 sq?ft living space completed in 2015. Highlights of the original home include a spacious eat-in kitchen, dining room, stone fireplace, a screened upper deck and hardwood or tile floors. The thoughtfully designed addition, currently a spacious living room and games room, provides many future possibilities.
Recent home upgrades include central AC, heat pump AC, 3 large bay windows, solar electric panels that provide 95% of the home's electricity including 1/3 of its heating, a recently paved 100-foot driveway with ample parking and a recently renovated primary bedroom with ensuite bathroom.
Situated in the highly sought-after Arlington School District and just 3 miles from the Taconic State Parkway, this home combines convenience with comfort for a growing or extended family.
Energy-efficient upgrades include:
• A large fully owned (not leased) 12.24?kW solar panel (electric) system
• New insulated rigid vinyl siding and upgraded EnergyStar windows and doors
• Three large modern bay windows for exquisite views and light entry
The home is built on a large, flat, useable 0.93 acre lot perfect for outdoor activities and future enhancements. This home offers space, flexibility, and efficiency - all in a prime location.
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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