22029 WOODWINDS DRIVE
About This Property
Beautifully maintained and set on a property that offers incredible privacy, this home also features exceptional outdoor space with a screened in porch and a large deck, and large garden provides a wonderful opportunity for homegrown produce, with cherries, blackberries, raspberries, tomatoes, squash, and asparagus that return and produce each year. The backyard also includes a kids playground area and plenty of room to relax and garden.
Major improvements include a new roof, 6" gutters, and leaf guards (2021), updated electrical with new panels, whole-home surge protection, and a dedicated garage sub-panel, plus enhanced garage electrical-perfect for a workshop setup. The garage has also been upgraded with insulation and its own mini-split system, along with an EV charger for added convenience.
Energy efficiency shines with new high-efficiency windows and doors throughout most of the home. Additional recent updates include a new hot water heater (Dec 2024) and updated appliances, including the dishwasher, refrigerator, stove, and laundry.
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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