1 Pine Bush LANE
About This Property
maintained custom home with 10 and 15 foot ceilings. Separate dining and living areas, plus an office or den. Also another bonus flex room which would make a nice craft room, den, or library. Owners Suite boast double vanities, his and her closets, walk in shower and separate jetted garden tub. Kitchen includes wet bar, wine cooler, updated appliances, solid wood cabinets with 42'' uppers & crown molding, under and over cabinet lighting and granite countertops. Screened salt system in-ground pool has a heater, fountain and shallow entry feature. 3rd full bathroom The 3rd full bathroom is a pool bath accessible from the lanai. Appliances stay including the washer and dryer. It gets even better. A 22KW Generator was installed in 2018 with a 250 gallon propane tank and a new HVAC system in 2022.
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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