214 CINNAMON LANE
About This Property
A quiet cul-de-sac location and side-street driveway provide an added sense of privacy. Inside, you're welcomed by hardwood floors that flow throughout the main and upper levels. The centerpiece of the home is a renovated kitchen, complete with quartz countertops, stainless steel appliances, subway tile backsplash, spacious island, custom cabinetry and open shelving. The adjoining open-concept dining and living area features large sliding doors that lead to a generous deck and an expansive, fenced backyard-perfect for entertaining or relaxing in nature.
The spacious living room boasts cathedral ceilings and a wood-burning fireplace, creating a cozy, sunlit space for gatherings or quiet evenings. Upstairs, you'll find three bedrooms and the primary suite that includes ample closet space and a renovated en-suite bath, while the two additional bedrooms share a full hall bath with tiled flooring and shower surround. The conveniently located washer and dryer are just steps away.
Downstairs, the finished basement offers flexible living space-ideal for a media room, playroom, or home office-with carpeting and a large egress window. The side-entry two-car garage ensures ease of access in all weather.
Gingerville Woods offers wonderful community amenities, including a playground, pond, sports fields, basketball courts, pavilion, and a pool (membership required).
Make your home in a neighborhood known for its charm, community feel, and convenient location!
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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