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111 PALMER STREET
About This Property
Welcome to this charming 1950s bungalow that combines timeless character with an unforgettable backyard retreat. This 3-bedroom, 1-bath home features wood flooring, vaulted ceilings in the living room, a versatile bonus space, and a screened porch perfect for relaxing or entertaining.
The outdoor space is the true showstopper - a fully fenced private oasis with an established food forest, abundant edible fruit trees, organic garden space, and a stock tank pool that creates a peaceful, resort-like feel. With its metal roof, unique charm, and warm, inviting atmosphere, this home offers a rare opportunity to own something truly 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.
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About San Sebastian
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$5,500 /mo
- 2 Beds
- 2 Baths
- 2,223 ft²
$1,395 /mo
- 1 Bed
- 1 Bath
- 850 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017