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1303 BUTTERFLY LANE
About This Property
Inside you'll find a light-filled living room open to the dining area and kitchen. This level features real oak hardwood floors, fresh paint, and a modern kitchen with granite counters, a ceramic tile backsplash, and newer appliances.
Upstairs you'll find 3 spacious bedrooms with newer carpet, fresh neutral paint, modern bathrooms with upgraded flooring and fixtures. The primary bedroom features an en suite bath and closet organizers.
The lower level features the same gorgeous oak hardwood floors as the main level for a consistent, seamless look throughout the home. There is a large family room with lots of natural light, a wood burning fireplace, a half bath, and a den/workshop that could serve as a fourth/guest bedroom. This level also has a large storage/laundry room where you'll find quality mechanical systems and convenient access to the backyard. Finally, there is a large crawl space for holiday storage.
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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 Hillcrest Orchards
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$1,650 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017