1260 BEVERLY ROAD
About This Property
Inside, beautifully refinished hardwood floors flow throughout the main living spaces. The updated kitchen features granite countertops, a glass tile backsplash, and center island, while the living room offers a bay window and wood-burning stove with brick surround, creating a warm and inviting space to gather. Five generously sized bedrooms provide plenty of room for everyone, each featuring double closets and ceiling fans.
The addition offers even more versatility, serving as a favorite gathering spot for game days, parties, and entertaining, with plenty of space to create a comfortable game room or additional living area. The lower level adds valuable flexibility as well, with natural light, a newer half bath, laundry room, and ample storage. It has even served as a comfortable in-law suite, providing family or guests with a private space of their own.
And then there's the backyard. Set on an expansive corner lot, this private outdoor oasis has the potential to be the backdrop for countless family memories, summer gatherings, and everyday time spent outside. The newly installed deck and fully fenced yard offers plenty of room to play and gather. A brand-new, massive shed tucked into the corner of the property provides exceptional storage for outdoor equipment, seasonal items, and everything else a growing household accumulates.
With incredible storage, five bedrooms, estimated 3,056 square feet of flexible living spaces, and an oversized backyard designed for both everyday living and entertaining, 1260 Beverly Road is a home that truly makes room for it all.
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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