1000 Cochetopa Dr
About This Property
Situated on .98 of an acre, this property provides ample space to enjoy the serene outdoors. The highlight is a full wraparound Trex style deck, complete with a relaxing hot tub, offering panoramic views of the surrounding natural beauty. A fenced dog run adds convenience for pet owners. Inside, the main level boasts a formal living area, a large dining room, and a family room with tile flooring and a warm gas fireplace. The kitchen is a chef's delight, featuring granite countertops, a double oven, a gas cooktop, a built-in microwave, and a convenient wine cooler. A large laundry room, complete with a washer and dryer and a utility sink, offers easy access to the spacious three-car garage.
Upstairs, all four bedrooms are conveniently located, including a luxurious master suite with a soaking tub, stand-up shower, and a large walk-in closet and a additional full bathrooms serve the upper level. The home also includes a large office with built-in shelves and walkout access to the wraparound deck. The partially finished basement, with drywall already installed, is a blank canvas awaiting your personal touch-perfect for adding three additional bedrooms, a home gym, or extra storage.
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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