110 Burnt Mountain Cove Road
About This Property
The family room flows seamlessly into a spacious kitchen complete with white cabinetry, stone countertops, and a generous walk-in pantry, a bonus for storage and convenience. The owner's suite is located on the main level for easy everyday living. The finished terrace level offers excellent flexibility with an additional bedroom, a full bath, and a large family room that could easily be converted into a third bedroom if desired. This daylight basement also provides direct access to the backyard.
Outdoor living is a true highlight, with a covered porch that spans the entire length of the home and wraps around one side-perfect for taking in the serene mountain surroundings. Located at an elevation of approximately 3,000 feet, you'll enjoy cooler temperatures, outstanding privacy, and the peace and quiet that make this setting so special.
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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