14 Elder Drive
About This Property
Offering three spacious bedrooms plus an extra versatile room. This home provides the flexibility for a playroom, home office, guest space, or fitness room. Central air conditioning ensures year-round comfort.
The exceptional living space extends outdoors to a backyard featuring a custom paver patio, perfect for entertaining, along with beautifully landscaped gardens that create a peaceful setting. Solar panels are owned.
Completely renovated in 2023, every detail has been thoughtfully updated with all-new finishes, and fixtures offering the peace of mind and enjoyment of a truly move-in-ready home. This home is in an ideal location, close to the LIRR and plenty of restaurants and shopping for all your needs! Some photos have been digitally enhanced.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017