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10908 Ely Avenue
About This Property
HUGE REMODEL!! Drive onto the new poured concreted driveway, up to this beautifully updated family home. The layout has been transformed into an open concept living space, great for hosting family and friends! The kitchen features new cabinetry with soft close drawers, granite counter tops, new LG stainless steel appliance package featuring a double oven range and smart fridge, custom tile backsplash, and center island bar with extra storage! Just off the kitchen you'll find the mud room, complete with a wash tub, washer and dryer connections, and storage. The Primary bedroom has been reconfigured to maximize space. Featuring new flooring, a 13x8 walk in closet, and an ensuite that sparkles with a granite double vanity and tile shower with glass doors. There is also a large soaker tub to relax in! On the other end of the home is a flex space with access to the garage. Could be used as a den, office space, playroom, formal dining room, etc. For a complete list of updates, see the documents section. If important, please verify all measurements. Call a REALTOR today to schedule a private tour.
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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