220 MORNINGSIDE ROAD
About This Property
The vinyl-fenced backyard is a true bonus, featuring an outdoor kitchen and additional patio space, perfect for entertaining or relaxing outdoors. Step inside and be awestruck by the modern updates, including tile flooring throughout, an open kitchen, dining, and living area, and indoor laundry.
A standout feature is the converted lanai, now an all-season room complete with a Murphy bed-ideal as a private guest space, home office, or additional sleeping area. The updated kitchen shines with stainless steel appliances, white cabinetry, granite countertops, and a breakfast bar for meals on the go. The adjacent dining area comfortably accommodates more formal gatherings and flows seamlessly into the spacious living/great room.
Two generously sized bedrooms have flexible options for primary or guest use. Both bathrooms have been tastefully updated-one with a double vanity and step-in shower, the other with a single vanity and step-in shower.
Notable upgrades include:
• Roof replaced in 2015
• Home replumbed in 2016
• 220-amp electrical panel (2016)
• Water heater replaced in 2020
There's truly nothing left to do but move in. Call today to schedule your private showing and start enjoying the South Venice lifestyle.
Home is being Sold As/Is.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017