22 Eastern Drive
About This Property
Pass through the kitchen to the 1st floor BR/Office and hall full bath. French doors open to the family room with SGD to a flagstone patio and English Garden stone walls. 2nd floor: Primary MBR suite with sitting area, vaulted ceiling, and Hunter Douglas hardwood shutters, huge walk in closet with ELFA shelving, full bath with double sinks and Tuscan brass hardware. Second BR with built in dormer closets, seating alcove and window box seat. Third BR with double closet allows access to the drop down attic staircase for add'l storage, and a full hall bath. A partially finished basement you will find the extra refrigerator/freezer, laundry room, mud-room with additional storage and access to the outside, more built-in storage, cedar closet and additional 400 ft of finished room with built-in shelves that can serve as a fully equipped gym or playroom. 4-zone baseboard heat. 2-zone central AC and attic fan let you have the best of all worlds! Hot water heater less than 2 years old. Detached one car garage and large driveway provide space for up to 4 more cars! Taxes do not include basic star exemption of $1,561.00.
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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