1120 Four Wheel Drive
About This Property
Step into a welcoming open foyer that leads into a bright and airy living room, highlighted by a masonry wood-burning fireplace and soaring vaulted ceilings.
The kitchen is a chef's dream, featuring quartz countertops, a sleek tile backsplash, stainless steel appliances, and recessed lighting. A separate dining room provides the perfect space for gatherings and entertaining.
Upstairs, two bedrooms offer privacy and comfort with loft access. The primary suite includes a seating area, walk-in closet, and a luxurious walk-in tile shower.
The finished, climate-controlled garage space with an all-glass door provides tons of natural light, making it an ideal oversized work-from-home area or extra living space. The home also features a basement with a bonus room and two additional flex spaces, perfect for a home gym, media room, guest area, or creative studio.
The property itself offers the best of both worlds for outdoor living with cleared, fenced-in areas as well as undisturbed old-growth pine forest. Enjoy walking distance access to the scenic Falls Lake trails, perfect for hiking or peaceful nature walks.
Outdoor living is just as impressive with a covered front stoop, front patio, and a generous rear deck overlooking the fenced backyard, perfect for pets, play, or gardening.
Don't miss this opportunity to own a modern retreat with room to roam!
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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