17038 Taylor Road
About This Property
The finished lower level provides an inviting extension of the home's living and entertainment space, featuring a custom bar, attractive flooring, and a spacious open layout ideal for a recreation room, game area, media space, or additional gathering area.
Major improvements include a new roof (2020), central AC (2024), high-efficiency tankless hot water heater (2024), front door (2023), sliding glass door (2026), and new garage (2026). Outdoor improvements include new decking and railings (2025), refreshed front landscaping, and a fire pit, creating inviting spaces to enjoy the property's 1.90-acre setting.
Looking for a third bedroom? The seller is willing to negotiate converting the existing loft into a third bedroom as part of the sale, offering buyers an opportunity to further customize the home to meet their needs. With extensive mechanical, interior, and exterior improvements already completed, this property combines modern finishes, efficiency, flexible living space, and comfortable indoor-outdoor living.
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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