223 Foxmeyer Drive
About This Property
The private backyard oasis features a sparkling pool, relaxing hot tub, and an outdoor kitchen perfect for entertaining. The large Trex deck invites you to unwind, while the 250 sq ft covered and screened back porch, complete with built-ins for a TV, offers a cozy retreat. The porch is beautifully trimmed in rough cedar, adding rustic charm to your outdoor living space.
Inside, you'll find custom-built cabinets with elegant quartz countertops and all stainless steel appliances, making the kitchen a chef's delight. The home has been meticulously maintained with numerous upgrades over the past decade, including new electrical panels and wiring, updated plumbing, and a new well pump with irrigation system. Additionally, the property includes a 24 x 24 detached workshop, perfect for hobbies, storage, or a home business.
In addition to this property, an adjacent vacant lot is also available for purchase at $100,000. The lot measures 120 x 96 x 120 x 96, offering ample space for your future projects.
Don't miss the opportunity to own this charming home with modern conveniences and a backyard paradise. 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