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1699 RED LOOP
About This Property
The main level offers a versatile den-perfect for a home office or flex space-while the upstairs loft provides an additional living area ideal for relaxing or entertaining. Large hallways throughout the home enhance the open, airy feel, complemented by custom accent walls that add character and charm.
At the heart of the home is a bright, open kitchen overlooking the living room, complete with granite countertops, newer appliances, and plenty of space for gathering with family and friends.
Step outside to your private backyard oasis featuring new fencing, a spacious 20 x 14 enclosed patio, BBQ area, and a cozy fire pit-perfect for entertaining year-round.
Enjoy the added bonus of being just a short walk to the community pool, making it easy to take advantage of all the neighborhood amenities.
This move-in ready home truly checks all the boxes-modern finishes, functional space, and a prime location!
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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