10604 TIMBERLINE DR
About This Property
Enjoy a country feel close to the city in this 3 BR, 3 BA split level on a dead-end street just west of Route 301. The 1888 SF home sits on nearly half an acre, with a rear deck overlooking trees, a fenced back yard, and off-street, tandem parking for 3 cars.
The home was substantially renovated in 2021, with new SS kitchen appliances, granite counters & flooring, upgraded baths, recessed lights, ceiling fans, and new carpet. The owners have also added a fresh coat of white paint to the kitchen cabinets.
There is a rec room on the lower level, as well as a bonus room for guests, a home gym, or an office, along with a full bath. The utility room holds a washer and dryer, a door to the rear yard, and access to the crawl space.
And if that's not enough, if you are in the military or are a veteran, you may qualify for an assumable VA mortgage at 2.875% interest.
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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