18 Fenimore Drive
About This Property
The primary suite serves as a private retreat, featuring a spa-like bath with an onyx double vanity and a marble-inlaid steam shower. Three sizable bedrooms with built-in closets and a hall bathroom equipped with new vanity and marble mosaic radiant heated flooring complete the upper floor.
Perfectly designed for flexible modern living, the fully finished lower level hosts a generous recreation area, a full bath, and storage/ office with an integrated Murphy bed. Set on a beautifully manicured property, the home offers rare long-term upside with potential for a pool and future expansion. Enjoy an idyllic, move-in ready lifestyle with convenient access to local amenities, public and private schools, recreation, and a swift commute to New York City.
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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