16118 Temple Boulevard
About This Property
Upon pulling into the driveway you will notice the oversized passthrough lot that is just shy of 2 acres. You have your main driveway off Temple Blvd and a 2nd driveway leading up to the shop which you access from 79th Court N. The property offers so much privacy and is complete fenced for additional privacy/security.
Few notable items to consider is the roof and ac unit were replaced within the last few years as well as impact windows being installed throughout the home.
Upon entering the interior, you will notice the large split floor plan with a formal living and dining room total of 4 bedrooms, 2 ½ bathrooms and good size living area. Some more upgrades include both full bathrooms being completely renovated with custom tile work, new vanities, sinks, toilets, and mirrors. Not to forget the crown molding in the master bathroom and oversized baseboards and chair rail throughout the home.
Heading outside there is a large, screened patio with a wet bar makes this area perfect for entertaining!
Another key feature is the shop with is 31'x20' and is equipped with it own dedicate ac unit.
This home and location have so much to offer. Don't wait to see it as it won't be around for long!
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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 The Acreage
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017