114 North Road
About This Property
The first floor offers a formal dining room, hardwood floors throughout, gorgeously remodeled kitchen featuring a large butcher block island perfect for cooking and entertaining, open concept to living room, gas fireplace, full bathroom and lots of natural sunlight. Kitchen was gutted and remodeled in 2021 and hardwood floors redone.
Upstairs, you'll find three generously sized bedrooms, two with water views, the potential to have a fourth and a full bathroom.
Step outside into your private backyard, perfect for entertaining, gardening, or simply relaxing. The backyard is fully fenced w/storage shed.
Other features include central air conditioning, a full, spray-foam insulated attic w/walk-up stairs. Enjoy the convenience and amenities of Babylon Village living with its charming shops, restaurants, parks, and schools just moments away. Plus, the Babylon LIRR station offers a quick commute to Manhattan. Don't miss out on this opportunity to own a piece of Babylon Village!
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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