107 Sunset Drive
About This Property
Designer kitchen includes custom cabinetry, granite countertops, walk-in pantry, built-in microwave, dishwasher, range, and custom wall shelving from deVOL Kitchens (England). Spa-style primary bath offers freestanding tub, separate shower, double vanities, private toilet room, and large walk-in closet. Continuous hot water system provides endless hot showers.
Laundry-mudroom serves as rear entry. Full home HEOS sound system with ceiling speakers. Whole-home security system with CCTV cameras. Under-house ventilation system. Whole-house natural gas Generac generator.
Exterior upgrades include brand-new siding and paint, all new concrete driveways and sidewalks, custom brick herringbone front walk, wrought-iron fenced front yard, fully fenced front and back yards, and in-ground sprinkler system. Carport connects to a standalone shed with heavy-duty shelving.
Set on a former pecan orchard with three producing 100+ year old pecan trees and mature post oak trees providing excellent shade. Exceptionally upgraded historic bungalow with designer details rarely found at this price point!
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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