1426 LADY BIRD DR
About This Property
Step inside to discover a spacious 4-bedroom, 3.5-bath home boasting special touches at every turn. The inviting open foyer sets the tone for elegance and comfort, leading you into the main level where you'll find a formal living room with a gas fireplace, perfect for cozy evenings. The formal dining room features crown molding and chair rail, and sliding glass door to the outdoor patio. There's a dedicated office space ideal for remote work or personal projects. The heart of the home lies in the gourmet kitchen, complete with built-in desk and bookshelves, a center island with cooktop and bar seating, double wall ovens, and an adjoining morning room featuring yet another gas fireplace. A convenient powder room and mudroom/laundry with access to the 2-car attached garage complete this level.
The upper level has a generous primary suite, offering a walk-in closet with a convenient island for extra storage and recessed lighting. An en-suite bedroom with a shower provides comfort and privacy, while two additional large bedrooms share a hall bath with dual vanity and shower/tub combination. Notably, the entire upper level has hardwood floors underneath the carpet.
Entertainment awaits on the lower level, where there is a spacious game room and recreation room with a gas fireplace, bonus and exercise room, half bath and wet bar. French doors lead out to the professionally landscaped yard, boasting extensive hardscape including paved walkways, multiple patios for outdoor entertaining, and stone and brick privacy walls. Additionally, this property includes a natural gas generator.
Updates include a new HVAC (2023), refrigerator, and dishwasher, fresh paint, new carpet and flooring.
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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