1248 DOGWOOD ROAD
About This Property
This charming home offers instant equity through updates and improvements and sits on a spacious 0.35-acre lot. The property includes an oversized two-bay detached 24'X 36' garage with an unfinished loft above, ideal for a future in-law suite, home office, or recreation space.
Inside, the 4-bedroom, 1-bath home features a sunroom ready to be finished (approximately 435 square feet) as an additional living area or incorporated into an open-concept floor plan. On the main level, you'll find the primary bedroom conveniently located next to the full bath, as well as a cozy fireplace - perfect for those crisp fall and winter evenings.
The kitchen, located just off the formal dining room, offers excellent potential to keep its traditional layout or open it up for a more modern flow. Upstairs, you'll find three bedrooms, which could easily be reconfigured into two larger rooms for added comfort.
The partially finished basement (approximately 50%) provides even more opportunity, with the potential to be completed up to 90%. There's also room to add an additional bedroom with the installation of an egress window.
With its incredible potential and unbeatable price point, this home won't last long - schedule your showing today! ***NEW ROOF ON HOME AND DETACHED GARAGE IN 2022***
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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%.
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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