17022 W 85th Pl
About This Property
The main level boasts rich, natural white oak hardwood floors, designer paint and lighting, a dedicated home office, gas fireplace and picturesque windows. At the heart of the home is a gourmet kitchen equipped with quartz countertops, luxury appliances, a gas cooktop, and double ovens-perfectly positioned to flow directly onto the large deck with built-in Gas fireplace and dedicated BBQ gas line for outdoor entertaining. The primary suite serves as a true sanctuary, showcasing stunning mountain vistas, a sitting area, a walk-in closet, and an updated spa-inspired 5-piece bath with a soaking tub and marble walk-in shower. Two additional main-floor bedrooms with easy access to an updated full bath.
The full walk-out basement is ideal for multi-generational living, hosting guests, or entertaining, complete with a massive bonus living space, built-in bar, two additional bedrooms, a 3/4 bath, and plenty of storage. Bonus: the fully equipped weight room comes completely furnished with all equipment included! Enjoy prime access to Leyden Rock's trails, parks, clubhouse, and community pool right outside your door.
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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