110 Drake St
About This Property
The heart of the home is the well-appointed kitchen, featuring elegant white cabinetry, stainless steel appliances, and light hardwood flooring. It's a perfect space for preparing meals and gathering with loved ones. The adjoining living room boasts natural light and hardwood floors, creating a warm and welcoming atmosphere.
Each bedroom offers a tranquil retreat, with the primary bedroom providing a cozy carpeted space filled with natural light. The bathrooms are thoughtfully designed, showcasing modern fixtures and a combination of tiled showers and vanities. Outside, enjoy the benefits of a ranch-style home with a front lawn and a fenced backyard, ideal for outdoor activities or simply unwinding after a long day.
The property also includes a two-car garage, ensuring convenient parking and extra storage. With new central air conditioning and a gas water heater, comfort and efficiency are prioritized in this lovely home. Located in Sherrelwood, residents enjoy a peaceful neighborhood with easy access to local amenities and parks.
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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