197 Verbena Drive
About This Property
This charming 3-bedroom, 2 ½-bath home has tons to offer.
Primary Bedroom: Located on the main level, the primary bedroom offers two walk-in closets and a spa-like bathroom retreat, providing a peaceful sanctuary for relaxation. Kitchen and Living Areas: The spacious kitchen flows seamlessly into a light-filled living room and a formal dining room, perfect for entertaining guests or enjoying family meals. Additional Bedrooms: The upper level boasts two large bedrooms, each equipped with walk-in closets for ample storage space. Upstairs Full Bath and Loft: A large full bath serves the upstairs area, alongside a wonderful loft/bonus room that can adapt to your family's needs, whether as an office, play area, or media room. Back Patio and Yard: Step outside to find a covered back patio, complemented by an extended patio area, ideal for outdoor dining or lounging. The large, private backyard is fully fenced and backs to a wooded buffer, offering both privacy and a serene natural view. Community Info: This move-in-ready home is part of a neighborhood that includes a pool, perfect for cooling off on hot summer days. Additionally, a new park is proposed to be built within walking distance, providing more recreational options for residents.
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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