1261 CAVENDISH DRIVE
About This Property
The main level boasts two inviting living rooms, a formal dining room, and a cozy fireplace, perfect for entertaining or relaxing evenings at home. Enjoy the comfort of brand new carpet and flooring throughout the main level, along with a modern kitchen complete with brand new stainless steel appliances.
Downstairs, the large finished walkout basement includes a kitchenette, a full bathroom, and an extra room or den, ideal for a guest suite, home office, or recreation space.
Step outside to your private backyard deck, surrounded by mature trees offering shade and tranquility-perfect for outdoor gatherings or quiet relaxation. The home also includes a large, oversized one-car garage and a large yard, providing plenty of space both inside and out.
This move-in-ready Colonial offers the perfect blend of classic design, modern comfort, and serene outdoor living.
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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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About Cloverly
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017