1507 MANOR VIEW ROAD
About This Property
This 4-bedroom Cape Cod has been thoughtfully expanded with a large Owner's Suite addition, something rarely found in the neighborhood. When the addition was completed, walls were removed to create a more open-concept layout, giving the home a better flow for everyday living. Added dormers bring in great natural light, and the home offers three updated bathrooms, including a generous Owner's en suite bath.
The main level features refinished hardwood floors, a living room with a fireplace, and a layout that opens nicely into the updated kitchen. Most appliances have been replaced, and a finished basement provides valuable extra living space.
Outside, the home continues to impress with custom landscaping, a fully reseeded yard, a side porch, new fencing, and a recently added concrete patio-ideal for enjoying the outdoor space. Major updates like a new roof and siding add peace of mind.
With its expanded size, open layout, and extensive updates, this 4-bedroom home offers space and features not typically found in Riverwood. The community has a great park with fields/tennis/ pickle-ball/basketball and newer playground. Also just up the street from Renditions Golf Course.
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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