16 Red Oak Drive
About This Property
The first floor also features a tiled half bath and laundry area. The spacious second-floor primary suite includes a ceiling fan, a large walk-in closet plus an additional closet for extra storage.
Enjoy outdoor living on the deck overlooking the landscaped, fully fenced backyard with a shed. The partially finished basement with stylish shiplap provides additional living space.
Additional highlights include a 2-car garage, abundant storage throughout the home, conveniently located just minutes from shopping, dining, and everyday amenities.
Updates include new shutters (Oct 2021), upstairs carpet (2020), furnace (2015), and tankless water heater (2023). Water Softener 2025
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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 Scotia
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017