11305 SOWARD DRIVE
About This Property
Traversign up the floating staircase to a luxurious master suite with a fully built out walk-in closet, custom TV mantel piece, and Pocelanosa finishes throughout the master bath with a walk-in glass door shower. Down the hall are two more spacious bedrooms with custom closets and another Porcelanosa finished hall bath with tub.
The basement continues the modern theme with ceramic tile floors, a built-in custom bar with beer/wine/drink fridge, and custom cabinets, and a wall integrated gas fireplace to truly warm the space. A guest room with attached full bath, again designed Porcelanosa finishes, may leave your guest wanting to move in! The laundry room is spacious with a high end washer and dryer. Ample storage is available in the unfinished portion of the basement and can also be used as an at home gym.
All of this available in blooming Kensington - close to restaurants, grocery, commuter access to all major routes of travel, and the home sits quaintly on a cul-de-sac. This is your opportunity to own the fruits of another homeowners' meticulous attention to detail and design!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017