10 Sharon Lane
About This Property
This beautiful home has been meticulously upgraded, as it was designed to be a forever home. Boasting a custom kitchen remodel featuring white shaker cabinets, porcelain tile flooring & high-end Dekton countertops. The kitchen features new GE Profile Slate kitchen appliances which will stay with the home! The open concept floor plan showcases the natural flow and size of the home. Hardwood floors have been sanded and refinished. Upstairs bathroom is completely remodeled and includes an oversized bathtub, subway tile & marble mosaic accent niche, porcelain floor tile, marble vanity, bluetooth-enabled bath fan, vanity light and mirror. Entire exterior of the home has been painted. New soffits, gutters and fascia were added in 2022. New vinyl double hung windows throughout the entire home in 2023. New roof installed 2021. Furnace, Central air conditioning unit & hot water tank all new in 2022. Large basement features a partially finished gym area & laundry. 2 car garage offers spacious storage! Many more updates than can be listed here!
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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