115 Old Meadowbrook Drive
About This Property
115 Old Meadowbrook Drive is nestled on nearly an acre of lush, low-maintenance grounds, this beautifully revitalized and all-brick home blends timeless charm with modern amenities in a tranquil setting.
Featuring three comfortable bedrooms and two baths, the home boasts several updates. These include: an encapsulated crawlspace (2023), HVAC, water heater and roof update (all in 2018), LVP installed in 2024, and the HVAC in 2012 (with regular maintenance through Joe Cool). The generous layout includes a spacious, dedicated laundry room with built-in cabinetry.
There is an additional detached workshop offers expansive potential for hobbies or storage. A fully fenced backyard ensures privacy and security, perfect for outdoor enjoyment or pet-friendly living
With its revitalized finishes, functional design, and serene property, this home offers a rare opportunity to move in and make your own with minimal effort.
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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