1250 HEAPS ROAD
About This Property
The home includes a dedicated theater room complete with reclining seating and a projector, providing an exceptional space for entertainment. The kitchen and entertaining areas are complemented by two beverage refrigerators, while generous storage can be found throughout, including a large walk-in storage room on the upper level and additional unfinished basement space.
Outdoor features include a wraparound porch with ceiling fans and a composite and vinyl deck, creating multiple areas to enjoy the surrounding setting. Vehicle storage is plentiful with an attached 3-car side-load garage featuring an epoxy floor and a detached 2-car garage.
Additional highlights include a three-zone HVAC system, an owned and buried 1,000-gallon propane tank, and a large well holding tank located in the unfinished basement area. Conveniently located with easy access to local amenities, this unique property offers a combination of space, functionality, and custom craftsmanship.
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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