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1004 BERNADETTE DRIVE
About This Property
The main level features three generously sized bedrooms, a spacious kitchen with plenty of room to gather, and an abundance of natural light that fills the home throughout the day. Beautiful original hardwood floors, lovingly maintained and in excellent condition, add timeless character and warmth.
The fully finished walk-out lower level offers exceptional flexibility with a complete in-law suite, including its own kitchen, making it ideal for multigenerational living, extended guests, or potential rental income. An additional unfinished space provides the opportunity to create a fourth bedroom, home office, gym, or hobby room to fit your needs.
Step outside to enjoy the large, level backyard-perfect for entertaining, gardening, pets, or simply relaxing outdoors. An attached one-car garage and private driveway provide convenient off-street parking.
Adding even more value, the home's major systems have already been updated, giving the next owner added confidence and peace of mind. Whether you're looking for a home with room to grow, flexible living arrangements, or a property you can personalize over time, this rancher offers endless possibilities in a desirable, established neighborhood.
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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 Bel Air North
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017