61
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11 Matthew Drive
About This Property
Recent updates include fresh paint throughout the first floor, new luxury vinyl plank flooring, and stylish new light fixtures. The first floor also features a convenient half bath with laundry. The partially finished basement adds valuable living space with a rec room, full bathroom, and plenty of storage.
Enjoy your morning coffee on the welcoming covered front porch or entertain guests on the spacious rear deck overlooking the private, mature backyard complete with a fire pit. The oversized two-car garage offers ample space for vehicles, storage, and a workshop. A newer roof (4 years old); hot water heater (6 months old), add additional peace of mind. With so many updates already completed, all that's left to do is move in and enjoy!
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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