2 Mitchie Drive
About This Property
Elegant first floor features a spacious formal dining room perfect for entertaining, large living room with brick fireplace, view out to expansive yard and access to covered porch, and eat-in kitchen with plenty of storage. The second floor features a large Master Bedroom with en-suite, three large family bedrooms and a hall bathroom. Square footage does not include 540sq.ft. finished basement.
Highlights: Hardwood floors throughout; large driveway and yard great for endless play; walk-up attic w/tons of storage and expansion possibility; New Rheem water heater. Quiet street great for biking; desirable neighborhood with new construction on adjacent street. Additional Information: Amenities:Storage,HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Detached,
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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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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017