218 SOOY PLACE RD
About This Property
As you approach the home, you'll notice the newly built rocking chair front porch, perfect for enjoying your peaceful surroundings. The exterior also boasts a 2-car garage with electricity and a generous storage loft, offering plenty of space for tools, seasonal items, or hobbies. A fenced area in the yard is ideal for pets, play, or creating a garden oasis.
Step inside, and you'll find a thoughtfully renovated home with modern finishes. The interior features new flooring and carpets, creating a fresh, inviting atmosphere. The updated kitchen is highlighted, with stunning granite countertops, a central island for added workspace, and sleek stainless steel appliances. The open-concept design ensures the kitchen flows seamlessly into the family room with easy access to the living and dining areas, making it perfect for entertaining.
Additional upgrades include ceiling fans in the main living areas, ensuring year-round comfort, and freshly painted walls that enhance the home's bright and airy feel. The full basement with Bilco doors offers plenty of storage space or the potential for additional ideas to finish.
The home also boasts important updates for peace of mind, including a new septic system, interior French drain, and electric subpanel with generator hookup, all installed in 2024.
This Colonial home is a must-see because it combines privacy, modern updates, and a spacious layout. Located in a serene, wooded setting yet conveniently close to amenities, it offers the best of both worlds.
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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