1440 Fairless ROAD
About This Property
The home is situated on a premier lot with a canal view from the front yard and covered front porch. The porch is such an ideal place to relax with your morning coffee or at any time at all. Extra wide driveway parking is provided for a boat, RV or guest. The home is fully enclosed with impact resistant windows and exterior doors. The interior floorplan is smartly designed. It features a split floor plan, nice sized bedrooms and baths and a large center area - living room, dining room and kitchen - is perfect for entertaining family and friends. The pocketing glass door off this main living area further extends the roominess as it opens onto a covered rear porch and a good size backyard. There is plenty of backyard for a pool. Adding to the spaciousness, the interior of the home features tall 9'4" walls with a coffer ceiling in the living room and master bedroom, which extends those ceilings to 10'. The kitchen and both baths are solid, quality made wood cabinets custom built by local craftsmen. There are lots of kitchen counter workspace finished in beautiful quartz material. The kitchen has all stainless-steel Frigidaire appliances, a big pantry, a stack of large storage drawers and a lazy Susan for that hard-to-reach corner. All drawers and doors are the gentle soft close.
Other amazing upgrades include: a large inside laundry with more storage cabinets, vinyl longboard wood grain flooring throughout, crown molding, over-sized 50 gallon hot water heater, warm tones of Benjamin Moore Ultra Spec paint inside and out. And last but far from least, this home is extremely energy efficient. It has foam sprayed insulation throughout the entire roof structure and an upgraded 16 SEER Trane A/C.
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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