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1716 EDWIN DRIVE
About This Property
The sun room also opens out onto the rear deck which overlooks the large cleared yard which backs to forest and a small creek. Back inside, a door off of the kitchen leads out into the garage. There is also a convenient first floor powder room in the main hallway. Taking the stairs to the second floor brings you to a fully carpeted floor with a hallway bathroom with a tub/shower combo and three bedrooms. One of these bedrooms is the large owners suite with double closets, its own private balcony that overlooks the rear yard and woods beyond, and a private full bath. The owners suite bathroom has both a soaking tub and stand up shower. Taking the stairs to the finished basement brings you to a large living room/rec room area with lvp flooring throughout. This is the perfect place for relaxing or play. There is another bonus room in the basement that could serve as a 4th bedroom, or a hobby room, etc. Also, there is another convenient powder room in the basement, as well as a storage/mechanical room with laundry facilities. This home has it all, is pristine and well maintained. It is waiting for you to come see it and find out why it should be your future home!
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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