1219 ELDERON DRIVE
About This Property
With central air/heat, two completely new bathrooms ( new tubs, showers, floor tile, vanities- NEW, NEW NEW!) and eat in kitchen (NEW tile flooring and appliances- new dishwasher, stove/oven/ airfryer combo, built in microwave, garbage disposal, backsplash, quartz countertop- ALL NEW!) Also updated are the solid wood cabinets and pantry.
Huge closets in every bedroom, this home has walk in closets in 2 of the 4 bedrooms, and double closets in the others. The 4th bdrm, on the main floor, would be an ideal spot for an office or bedroom, with a full bath complete with a large, brand new easy entry shower located just across the hall. Ceiling fans are located throughout the home.
The full basement boasts a wood paneled gaming area/craft room, a laundry room complete with laundry sink, and a large storage room.
The 2 car garage makes easy entry into the house and is complete with automatic garage door openers. It also boasts a workshop room behind the parking areas. Outdoor security lights give added peace of mind.
This lovely home purchase will also give peace of mind of having a new roof WITH COMPLETELY new roof decking ( 7/16" per new home code), and new flashing with gutter updates. Vinyl siding soffets and facia complement the energy efficient, double paned, vinyl windows.
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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