2 Fernwood Drive
About This Property
The main level features a spacious den, a separate living room, a dining room (currently used as a home office), a powder room, and an eat-in kitchen with sliding glass doors leading to a sprawling yard with a large pool-perfect for summer entertaining. A dedicated laundry area adds to the home's functionality.
Upstairs, you'll find four cozy bedrooms and a full hall bathroom. The home also offers a partial basement giving you additional space. Don't miss the opportunity to finish out the summer in your new abode!
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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