1000 John Alden Lane
About This Property
The finished basement was completely renovated in 2020 and offers additional living space complete with a custom bar and a second full bathroom, making it the perfect space for entertaining, guests, or a recreation area.
Major mechanical and structural improvements provide peace of mind, including a new roof (2019), furnace (2019), central air conditioning (2020), hot water tank (2019), updated electrical and plumbing (2019), new garage doors (2019), and new doors and windows (2019), Septic pumped (Aug 2026).
Outdoor improvements continue with a new patio and walkway (2021), recessed exterior lighting (2020), new shed (2023), and a new vinyl fence (2024), creating a private and inviting outdoor space. Additional features include an electric vehicle charging hookup in the garage and Ring doorbells at both the front and rear entrances, which are included with the home.
With extensive updates throughout, this move-in-ready home offers exceptional value, comfort, and convenience in a fantastic corner lot location. Simply unpack and enjoy everything this meticulously maintained home has to offer!
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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.
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About Rotterdam
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017