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1678 ALGONQUIN DRIVE
About This Property
This home reflects pride of ownership throughout, with key updates including a newer roof and water heater (2022), as well as a new AC system and electrical panel installed in 2024. In 2025, the home was further enhanced with new exterior paint, gutters and soffits, along with a whole-home water filtration system and a reverse osmosis system under the kitchen sink. The front porch creates a welcoming entry, complete with a newer front door/screen door combination.
Inside, the layout features an open living and dining area with updated vinyl plank flooring. The kitchen includes solid wood cabinetry, granite countertops, stainless steel appliances, backsplash detail, recessed lighting, and updated tile flooring.
The split-bedroom floor plan offers separation between the primary suite and secondary bedrooms. A second living area just off the kitchen features a wood-burning fireplace and sliding glass doors leading to the backyard.
The outdoor space includes a pool with a paver deck, multiple seating areas, and mature landscaping. Vinyl fencing surrounds the yard for added privacy
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017