110 Grove Way
About This Property
-Tiki Bar summer kitchen with natural gas grill, side burner, refrigerator, sink, TV and stereo
- (2) Master suites, upstairs and downstairs
- New Tile roof 2013
-New Electrical Panels and wiring 2013
-New plumbing 2013
-New A/C units, duct work and UV lights on each unit (2) 2013
-All impact windows and garage doors 2013
-Whole house generator, natural gas, generator with mobile link for up to date monitoring to your cell phone/email; extended 10 year warranty (2017)
-Smart Home- house and yard fully wired with Control 4 automation system for music, TVS, AC, lights and security system 2013
-Security and alarm system, doors also have pool alarm system 2013
-French doors with Phantom Screens lead to pool- added hot tub, new marcite and tiles, new Hayward equipment, salt water, heated by natural gas, water-proof pool remote control 2014
-Low voltage exterior landscape lighting 2016
-Multi-zone sprinkler system with RainBird for water efficiency 2013
- New awning across back patio 2018
- New fencing in backyard with locks and decorative fence in front yard 2013
- 2.5 car garage/golfcart bay; pull down stairs for access to more storage
-120sqft A/C Playhouse integrated with home automation system 2014
- Hand scraped wood floors throughout, extra plush carpet in bedrooms, tile/stone in bathrooms 2013
-Working wood or natural gas fireplace with gas starter (gas added 2013)
- Master bath upstairs equipped with over-sized shower with dual heads and body sprayers; two walk-in closets
- First floor suite with luxurious soaking tub and rain head shower walk-in closet
-Kitchen with large island and pantry, copper farmhouse sink, ven with steam cooking option, microwave/convection oven combo, gas cooktop, dishwasher, garbage disposal, GE Cafe, refrigerator with built in Keurig (appliances end of 2013; refrigerator 2016)
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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.
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About The Grove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017