22224 E Bailey Pl
About This Property
The kitchen features quartz countertops, an extended island with extra storage, modern lighting fixtures, and upgraded stainless steel appliances. Enjoy cozy evenings by the fireplace in the great room upgraded with a stacked stone surround and built-in custom cabinetry for additional storage.
The primary bedroom suite is a true gem, offering an expansive walk-in closet with custom built-in organizers giving this home the luxury feel you're looking for. Enjoy the sunrise from the extended bay windows that give you breathtaking views.
The main floor offers an additional guest bedroom, with a custom built-in closet as well as an office space that can act as a formal dining room if preferred. You'll also find the laundry room with included washer and dryer.
The basement is fully finished with tall 9' ceilings for plenty of headroom and features a large entertainment room, guest bedroom, bathroom, and office space complete with CAT6 wiring.
Don't miss the garage as it has all the upgrades you could want including brand new epoxy flooring, 12' high ceilings, and an extended depth to fit your truck or large suv.
Outside you will find a partially fenced yard featuring a patio with a built-in heater that backs to open space.
Additional features include an upgraded tankless water heater and a whole-house humidifier.
Finally, take advantage of the amenities offered at this 55+ community including pool, pickle ball courts and fitness center plus free summer concerts and other events. Schedule your showing today!
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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