17524 QUEEN ELIZABETH DR
About This Property
The lower level is finished very nicely with new LVP flooring (2021) through out. A large forth bedroom (below the Florida Room) with giant closet , backyard windows and full bath nearby is perfect for an in-law or high schooler that needs some space. There is also a large rec room with above ground windows , a work office , and a large laundry area/mudroom/utility area with its own outside entrance. The oversized 2 car garage has an abundant cabinet storage and closet space , as well as a room for a work bench. Roof replaced in (2019) and Leaf Filter gutter guards in 2020. New Hot Water Heater 2018. , two zone heating and cooling , new exterior locks and door handles (2023) , and new asphalt driveway(2022). Locally serviced security system includes one garage and six exterior cameras. Verizon Fios Internet and phone. This is a very nice home top to bottom and in and out. Fantastic location minutes to Olney Town Center: schools ,fitness ,parks , golf , restaurants/bars , major transportation and more..
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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