17553 SHALE DR
About This Property
bedrooms upstairs that includes an owner's suite with sitting area, upgraded window package, large ensuite bath with dual sinks, soaking tub, and separate shower, dual walk-in closets, and vaulted ceilings. The other 3 bedrooms are good sized and share a full bathroom with a tub/shower combo. The main level has an open foyer that leads to a formal dining room on one side and a formal living room on
the other. The open concept kitchen and morning room is nicely positioned off of the family room
with a gas fireplace and lots of windows that let in plenty of natural sunlight. In addition, there is an entry-level bedroom or study/library and a half bath on the main level. The full basement is unfinished but provides a walkout to the backyard and is roughed-in for another full bath. With newer dual zone HVAC, roof with solar panels, this property is ready for your cosmetic upgrades. This property abuts to common area, open space and soccer fields and is awaiting it's new owners!
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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