1717 Medallion Drive
About This Property
Recent updates include brand-new carpet and padding (installed 10/25), and fresh interior paint. The first floor features a cozy family room complete with a gas log fireplace, along with a versatile room that can serve as an office, living room, or dining area. The eat-in kitchen is equipped with new bottom cabinets, an updated countertop, and a new faucet.
Retreat to the primary bedroom, which features a vaulted ceiling and a walk-in closet for ample storage. There is also an attached 2-car garage with some additional cabinets.
Residents can enjoy neighborhood amenities that include a swimming pool, playground, and sidewalks. Cardinal Lake is built around a picturesque 14-acre natural lake, which is within walking distance from your front door!
Additionally, this home is only minutes away from a variety of shopping and dining options, including the Brier Creek Shopping Center, and the outdoor recreation areas of Falls Lake! Don't miss the opportunity to make this lovely home your own!
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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