131 Outback Road
About This Property
As you approach, you're greeted by a spacious covered front porch-ideal for relaxing or outdoor dining. Step inside to a welcoming foyer that leads to the formal living room, featuring a beautiful brick fireplace with an elegant mantle. The spacious eat-in kitchen boasts stainless steel appliances, custom cabinetry, a breakfast bar, granite countertops, and tile flooring. A built-in office nook provides a perfect spot for organization and daily tasks.
The luxurious owner's suite has been thoughtfully updated, offering a spa-like bath with a soaking tub, separate shower, double vanities, elegant tilework, and stylish fixtures. The bedroom features hardwood floors and an exquisite custom closet with built-ins you'll adore. An enclosed sunroom offers additional living space, perfect as a cozy den or dining area, with large windows to enjoy the natural surroundings.
Two generously sized secondary bedrooms also feature hardwood floors and share an updated guest bath. The home includes a large laundry room with ample cabinetry and a sink for convenience. The main-level two-car garage is fully finished with sheetrock and offers a handy storage room.
Additional highlights include a generator, a water filtration system, a newer roof, a circular driveway, and a beautifully landscaped property. With its all-brick construction and stunning natural backdrop, this home is truly a must-see!
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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