116 MAGAHA ST
About This Property
This home has been meticulously maintained and is move-in ready. New windows, roof, HVAC, all new doors, handles and hinges, sliding glass door, new siding, roof, water heater, toilets, vanities, carpet, floors, and countertops, the list goes on.
Enter through the front door off your porch or the other door into the breezeway/mudroom and you will immediately feel like home. The eat-in kitchen has granite counter tops, stainless steel appliances, custom cabinets and an island for additional cooking space. Off the kitchen you will find a large formal dining room that comfortably fits a table for 10. You also have a separate formal living room that could be used as an office or library, as this home has a huge family room, thick new carpet, complete with a fireplace and doors leading to the back patio.
Down the hall you will find a completely remodeled half bath, a separate laundry room and the hard to come by, main level master suite! Up stairs there are 3 more large bedrooms and another remodeled full bathroom and a jacuzzi tub. There is no shortage of storage space in this cape cod with many closets as well as a storage area running the length of the house and another hidden storage area with an access door at the top of the stairs.
Don't miss out on this one, this home has everything complete, ready for you to move in and make it your home. Call and schedule your private showing today!
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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