1192 HARPER DRIVE
About This Property
Inside, you'll find a bright, open floor plan with upgraded hardwood flooring throughout. A flexible front office or flex space sits just off the entry, ideal for working from home. The gourmet kitchen features stainless steel appliances, a wall oven, large island, pantry, and a breakfast area that flows seamlessly into the living and dining spaces, perfect for everyday living and entertaining. Step outside to a composite deck overlooking a meticulously designed lower paver patio with a fireplace, all within a fenced in backyard.
The second floor offers four spacious bedrooms and two full bathrooms. The primary suite is generously sized and includes a custom walk in closet with built ins and a luxurious en suite bath with a stall shower and double vanity. All bedrooms feature customized closet systems for smart, organized living.
Additional highlights include a large two car garage, irrigation system, and an unfinished basement that has been framed and roughed in for a bathroom, offering endless customization potential.
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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