1323 BUTTERFLY LANE
About This Property
The remodeled kitchen features replaced cabinetry, a brand new electric range, microwave, and Bosch appliances, all tied together with fresh vinyl tile flooring. Gorgeous wood laminate flooring flows through the living room, dining room, hallway, family room, and two stairways, giving the home a warm, cohesive feel throughout.
Both full bathrooms upstairs were completely remodeled, with new floor and wall ceramic tiles, a new bathtub, updated shower glass doors and faucets, new toilets, and new vanity cabinets with tops, nothing was overlooked. Lighting upgrades in both restrooms add a polished finishing touch.
Out back, enjoy your own private inground pool with a replaced liner, new composite deck boards, and a brand new pool cover, ready for summer entertaining from day one. The roof was replaced with architectural tiles in 2018, and the home also features a newer heat pump, dishwasher, electric water heater, and electric chimney insert for worry-free living.
With this level of care and this many updates already done, all you need to do is unpack. Homes like this don't come around often, schedule your showing today!
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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