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15 Randall Heights
About This Property
Inside, the functional layout includes three bedrooms, one full bath, and two half baths, with a wood burning fireplace anchoring the living space. Hardwood floors through out with renovated galley kitchen featuring newer cabinets, new formica counters, fridge and dishwasher approximately 1 yr old, washer and dryer about one yr old, and baths. Central air conditioning and hot-air heat keep the home comfortable year-round along with a humidifier.
The full basement adds valuable flexibility, with 600 square feet already finished and plenty of room to make it your own. An attached garage connects to the home by a covered breezeway, offering protected, weather-friendly access between your car and the door. Out back, the large, level yard provides open space for gardening, entertaining, or simply relaxing outdoors.
Whether you're a first-time buyer, looking to downsize, or ready to simplify to one-level living, this is a smart, solid value in a great location. Schedule your private tour today.
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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%.
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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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About Middletown
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017