1404 Ethel
About This Property
The home features a large living room, an inviting family room, and an expansive kitchen that opens to the dining area, creating the perfect setting for both everyday living and entertaining. The primary suite offers a walk-in closet and a generously sized en-suite bathroom, while two additional spacious bedrooms and a total of 3.5 bathrooms provide ample space for family and guests.
Step outside to your own private resort-style retreat. The stunning custom salt water pool and spa serve as the centerpiece of the beautifully designed backyard, offering the ultimate setting for relaxation and entertainment. The pool features a spacious Baja shelf, perfect for lounging and enjoying Southern California's sunny days, while the adjoining spa provides a luxurious place to unwind year-round. Surrounded by elegant stone decking and expansive patio areas, the backyard is ideal for hosting gatherings, family barbecues, or simply enjoying the peaceful outdoor atmosphere. This exceptional outdoor oasis perfectly complements the home's thoughtful design and enhances its overall appeal.
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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