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113 Boyce Drive
About This Property
Inside, you'll love the flexible floor plan featuring an additional living area that's ready to become whatever fits your lifestyle. A home office, game room, playroom, media room, workout space... you name it! The carport keeps you covered, while the major updates offer peace of mind with a 2020 roof, 2020 HVAC, and 2019 gas water heater already checked off the list.
Now let's talk about the real showstopper; the lot! With access from 1st Avenue, this property offers an incredible opportunity to build an Accessory Dwelling Unit (ADU). Whether you're envisioning a huge garage, guest house, in-law suite, private office, rental income opportunity, or the ultimate backyard retreat, the layout makes those dreams much more attainable. (Buyers should verify intended use and zoning requirements.)
There's plenty of room to entertain, expand, or simply enjoy having space to breathe. It's not just a house... it's a property with options.
Because let's be honest... homes that already have the big-ticket updates and leave room for your next big idea don't stick around for long!
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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