15813 EDGEWOOD DRIVE
About This Property
The main level offers a spacious and functional layout, featuring a family room, living room with wood burning fireplace, formal dining room, and an eat-in kitchen with hardwood floors in both the kitchen and entryway. The kitchen provides easy access to the backyard and a brand-new deck installed in 2025, perfect for outdoor entertaining. A convenient half bathroom and a laundry room with garage access are also located on this level.
The walkout basement is a blank canvas with a bathroom rough-in, offering endless possibilities for customization. Enjoy privacy and scenic views as the home backs to trees and the golf course!
Additional upgrades include new hot water heater (2024) and new heat pump (2021).
The community of Montclair offers a welcoming atmosphere and a range of amenities that caters to everyone including a private lake with three beaches, scenic walking trails, community pools, tennis courts, playgrounds. Membership opportunities for Montclair Country Club also available that include golf (18-hole course), tennis, swim and more! Conveniently located near I-95, commuter lots, shopping, and dining! Don't miss the chance to make this property your own. Schedule a showing 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%.
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.
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About Montclair
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017