1747 Cherry St
About This Property
Upon entering the front door, you'll find yourself in a spacious foyer that greets you and your guests. Natural light floods through the entire space, provided by the large windows sprawling along the back of the home, accentuating the open floor plan and creating a bright and airy ambiance. The living room is thoughtfully designed for both relaxation and entertainment, providing ample space for family gatherings around the gas fireplace.
The kitchen seamlessly flows into the living space and dining area, creating a perfect atmosphere for enjoying meals with loved ones. With a huge breakfast bar, eat-in nook and pantry with plenty of storage space, you won't be disappointed. This ranch-style home boasts three comfortable bedrooms. The primary bedroom located privately in the back of the home features vaulted ceilings, a full ensuite bathroom and large closet for added convenience. The two additional bedrooms are well-appointed in front of the home and share a full bathroom nearby. Wishing for more? The unfinished basement allows you the opportunity to create any space imaginable.
The fully fenced backyard is a private oasis filled with trees surrounding your every move. The oversized deck provides a perfect spot for barbecues or al fresco dining, extending your living space into the fresh air. The shed will help you keep the tools away and stay organized. New carpet was installed days ago as well as a fresh coat of paint. With a two-car garage and ample storage throughout the home, convenience meets functionality. Welcome to your new home sweet 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017