1701 UNDERWOOD ROAD
About This Property
The original primary suite and three additional bedrooms provide plenty of options for family and guests, complemented by a total of four full baths for convenience. The finished lower level expands your living space with a warm and inviting family room featuring a fireplace with wood stove, plus two versatile bonus rooms perfect for a home office, gym, or art studio. Step outside to your private outdoor oasis with two ponds, stream that appears to connect them, a large deck, and a brick patio-ideal for entertaining, gardening, or simply relaxing while enjoying the natural surroundings. This rare property combines spacious indoor living with unmatched outdoor amenities, creating a perfect balance of comfort, beauty, and functionality.
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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