1006 WILLOWLEAF WAY
About This Property
Well maintained 3 level single family home in the sought after Falls Ridge neighborhood. As you enter the foyer, you'll appreciate the gleaming hardwood floors in the living room and dining room. Continue on to the bright kitchen with stainless steel appliances, roll-out shelves and comfortable eat in area. This looks out onto the family room w/ wood beam ceilings and a fireplace that is nice for cozy winter evenings. From there you can walk out to the screened-in porch – an essential for enjoying the outdoors year-round in this area. Upstairs you will find 4 bedrooms and 2 bathrooms. The primary bedroom has a walk-in closet with new built-in shelves and an updated bathroom with dual sinks, separate bathtub, and shower. Downstairs, you'll find a large rec room that has been recently updated w/ new carpeting as well a bonus room that is perfect for a secluded at-home office or playroom. There is also plenty of storage space in the unfinished basement area. This home has an attached 2-car garage and has been freshly painted throughout all 3 levels. New vinyl siding and gutters, 2-year-old washer and dryer, and 3-year-old furnace, water heater, and heat pump.
The yard includes an herb garden in the front and raised vegetable garden in the back. Located on a quiet street that is close to schools, parks, walking paths, and less than a mile to shops and restaurants.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017