1526 MANCHESTER ROAD
About This Property
The main level showcases upgraded Laminate wood flooring throughout, a completely remodeled kitchen with custom cabinetry, pantry, granite counters, stainless steel appliances (stove, dishwasher, microwave, and refrigerator with ice and water), and a replacement sliding glass door leading to the resurfaced 12'x16' deck. A beautifully updated full bath with double sink & LVT floor and three comfortable bedrooms complete this floor.
Off the entry foyer with fresh LVT flooring and newly carpeted stairs, the light-filled lower level features LVP flooring throughout, energy-efficient tilt windows, a spacious family/rec room with walkout to the backyard, a fourth bedroom, a second fully renovated bath, and a versatile bonus room with laundry area (includes new washer & dryer).
Exterior improvements include a new architectural shingle roof, oversized gutters and downspouts, a concrete sidewalk and a 12'x12' patio-plus a ready-to-use concrete pad perfect for a firepit or outdoor BBQ. Mature trees frame the property, providing both shade and privacy, while still keeping you close to Westminster's shopping, dining, and entertainment.
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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