23
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16 Tulip Tree Lane
About This Property
Step inside to a bright, welcoming living area anchored by a cozy wood-burning fireplace. The adjacent dining area flows seamlessly to a deck for outdoor entertaining or morning coffee. The spacious galley kitchen has been thoughtfully updated with new countertops, new sink, and features a charming breakfast nook for casual dining.
Upstairs, you'll find two generous en-suite bedrooms, each offering convenience. The second-floor laundry adds everyday ease. Recent updates include fresh paint throughout and new carpeting, making this home truly move-in ready. The finished basement is an extra 784 square feet of flexible space.
Additional highlights include an attached garage for secure parking and extra storage.
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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 Mamaroneck
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Data Source: OneKey MLS
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Address: 335 Madison Avenue, New York, NY 10017