208 Meadow Lake Drive
About This Property
The gourmet kitchen features a large island and a state-of-the-art stainless-steel refrigerator and freezer. The oversized laundry room is complete with built-in cabinetry and a convenient desk area. This home includes a formal dining room and spacious office with a large closet equipped with modular shelving. The luxurious master suite offers a separate shower, an oversized tub, and two walk-in closets, ensuring ample storage throughout the home. Secondary bedrooms all have oversized closets, ensuring ample storage throughout the home. Additional features include two-and-a-half car garage with side third garage door, built-ins in the master closets, frameless glass doors for the secondary bathroom's walk-in shower and a pocket door allowing the second bedroom to be a suite.
The front yard features paver walkways, and the rear screened patio has a roof extension. The home also includes additional cabinetry in the bathrooms, extra shelving in the kitchen pantry (including a coffee bar area), barn doors for the master closets, and a whole-house UV air purifier for the HVAC system. This home is in fantastic condition and is an absolute must-see!!
Roof-2019
HVAC-2019
Tankless Hot water heater-2019
Shed-2024
Whirlpool Spa-2022
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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