214 HENDRICKSON AVENUE
About This Property
The main level features an open and inviting layout with a spacious living room complete with a large coat closet, a formal dining room, and a beautiful kitchen highlighted by a center island. Sliding glass doors lead to a large wooden deck, perfect for entertaining and enjoying the outdoor space.
The upper level offers three generously sized bedrooms, all with good closet space, along with a full three-piece hall bathroom.
The ground level provides a versatile family room ideal for a playroom, home office, or additional living space, plus a powder room and laundry room. This level also offers direct access to a one-car attached garage.
A few steps down, the builder's basement provides plenty of storage, a utility area, and potential space for a home gym or workout area.
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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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About Burlington
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017