223 SAGUN DRIVE
About This Property
Natural light pours in through the newer skylight, while the new slider off the kitchen opens to a **large deck overlooking a spacious backyard** - perfect for morning coffee, outdoor dining, or relaxing evenings with family and friends. Other updates include windows and gutters with leaf guards (3 years old), a new deck (2 years old), and newer roofs - 3 years old on the house (including plywood) and 4 years old on the garage. With five ceiling fans for year-round comfort and plenty of space inside and out, this home offers a welcoming atmosphere for everyday living and entertaining.
Car enthusiasts or hobbyists will love the detached garage and workshop setup, with an optional **mechanic's package available separately for $12,000.** This includes a 10,000 LBS Challenger 2-post lift (professionally installed and wired to code), a 60-gallon air compressor, 50-foot air hose reel, 220V welder plug and cable assembly, LED lighting throughout, secure shelving units, and a window A/C unit. Whether you're looking for a home that's move-in ready, workspace for projects, or a place to simply enjoy life inside and out, this property truly has it all.
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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