1134 CARTHAGE Drive
About This Property
This 3-bedroom, 1-bath home has been freshly painted and thoughtfully updated in preparation for its new owners. Major improvements include a brand-new roof and water heater, both installed in March 2026, offering peace of mind for years to come.
Upon entering, you're welcomed into an oversized dining room that provides a warm and inviting space for gatherings. The adjoining hallway leads to the bedrooms and bathroom, while the opposite side of the home features the kitchen, living room, and laundry area, creating a functional and well-balanced layout.
Step out from the living room onto the screened porch which is perfect for relaxing or entertaining. There you can look out over a spacious backyard. The property also includes two large sheds, ideal for storing lawn equipment and garden tools. Enjoy added privacy with no rear neighbors, as the home backs up to a peaceful wooded area.
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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