11704 MILBERN DRIVE
About This Property
From the moment you enter, you'll notice the handsome new tile flooring that flows from the extended foyer through the dining room and kitchen, setting the tone for the home's clean, modern feel. The kitchen features brand-new appliances and sleek new counters, while a convenient first-floor laundry/mud room adds everyday ease.
The spacious family room, anchored by a cozy fireplace, opens directly to the backyard and showcases new flooring that continues upstairs through all four bedrooms. Even the lower-level rec room has been updated with new flooring, offering a fresh, finished feel throughout. The living room retains its original charm with beautifully refinished hardwood floors and a lovely bay window overlooking the large front yard.
Upstairs, the generous primary suite includes double sinks, a soaking tub, and a separate shower, plus a walk-in closet. Recent mechanical updates include a new water heater and HVAC system (2023), while the roof (2017), siding, and windows have all been recently replaced-making this a smart, move-in-ready choice.
Located in a highly rated school district and just moments from shopping and groceries, this home truly has it all. With loads of off-street parking, a great yard, and a long list of updates, you can settle in before the school year begins and enjoy the complete package.
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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