1996 Clipper Dr
About This Property
From the moment you enter, you'll notice the spacious and light-filled layout. The open floor plan flows seamlessly through the main level, where the kitchen, complete with a center island and wine fridge, connects to a warm and inviting great room with a fireplace, ideal for entertaining or cozy family evenings. The main level also includes a bedroom, bathroom and a dedicated office.
Upstairs, you'll find four additional bedrooms, including an impressive primary suite. Boasting its own fireplace, large walk-in closet,
luxurious five-piece bathroom, and a private sitting room with a Juliet balcony... it is a peaceful retreat, within your own home.
The basement offers even more living space, with a large living room complete with its own fireplace and wet bar area, a sixth bedroom (currently being used as a fitness room), and a 3/4 bath.
Step outside to an entertainer's paradise. The backyard is a true oasis, featuring a sparkling pool, a relaxing hot tub, and multiple lounging and entertaining areas. Whether hosting summer gatherings or enjoying a quiet evening under the stars, this backyard is designed for both relaxation and fun.
This home has been exceptionally maintained over the years. It includes owned solar panels, new in 2023 refrigerator and dishwasher, all new carpet, numerous light fixtures, window coverings, and pool Mechanicals. Additional improvements include two new furnaces and AC units, two water heaters, roof, updated electrical, west-facing windows, and too much more to list here.
This is a rare opportunity to own a spacious, move-in-ready home with a heated pool, in one of the area's most desirable communities.
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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