16248 VERNDALE LANE
About This Property
Inside, you'll find clean, modern tile flooring throughout, creating a sleek and low-maintenance interior. The attached 1-bedroom, 1-bathroom mother-in-law suite includes its own private entrance, full kitchen, and washer/dryer hookups, offering excellent flexibility for multi-generational living, guests, or rental income. It also provides direct access to the backyard, enhancing its privacy and convenience.
The outdoor space is move-in ready, featuring a new above-ground pool and a charming gazebo, perfect for relaxing or hosting gatherings. A newly installed drain field adds even more value and peace of mind.
With thoughtful upgrades, versatile living space, and a private outdoor oasis, this property is ready to welcome you home!
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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