16436 Lambourne Road
About This Property
The second floor features a luxurious owner's suite and a guest suite/playroom with its own private bath, plus two additional guest rooms with a Jack and Jill bath. The unfinished third floor provides ample storage or can be finished for even more living space.
Third floor is can be finished for more square footage and is roughed in for a full bath and HVAC.
It's clear that the builder has paid attention to detail, with tall ceilings, hardwood flooring, custom wainscoting and moldings, and a solid Mahogany French Entry front door, making this home both functional and beautiful. The custom fireplace and tankless hot water heater are just a few of the extra touches that set this home apart. And with a 2-car garage, you'll have plenty of space for your vehicles.
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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