1841 Stanley Drive
About This Property
Nestled on a quiet, tree-lined block near the park, this beautifully renovated 4-bedroom Mardi Gras model splanch offers comfort, style, and convenience. Fully renovated in 2022, the home features a sun-filled den with a brick wood-burning fireplace, central air conditioning, gas heat (boiler 2014), in-ground sprinklers, and a 2-car attached garage.
Enjoy outdoor living with an in-ground pool featuring a new filter and pool pump, plus a roof installed in 2014. Located in Flood Zone X-no flood insurance required.
Just minutes from Julian Lane Park with playgrounds, basketball and tennis courts, this home is also close to shopping, restaurants, and beautiful beaches. Zoned for the award-winning Kennedy High School and offering an easy 42-minute express train commute to Manhattan, this is South Merrick living at its finest.
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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%.
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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