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2260 Nome St
About This Property
The front entry opens to a bright living room that flows seamlessly into the formal dining room and kitchen, featuring newly updated appliances. Just off the kitchen, a versatile sunroom opens directly to the back patio. The upper level features three comfortable bedrooms and a full hallway bathroom.
The lower level is where this home's flexibility really shines, offering a private, lock-off living space with its own exterior entrance via the side walkway. The space includes a family room, bedroom, 3/4 bath, and full kitchenette with refrigerator, oven, and dishwasher. A newly installed interior door allows the lower level to be completely closed off from the main living areas or seamlessly connected to the rest of the home. The shared main-floor laundry room features dual entries for convenient access from both levels-an appealing setup for multi-generational living, guests, or house hackers looking for added flexibility and potential rental income.
Outside, the massive fully fenced backyard is an absolute haven, with new sod, updated grading, a full sprinkler system, playset, and spacious sunlit patio. Additional features include a single-car carport, radon mitigation system, and new city water line.
With its flexible split-level layout, lock-off lower level, generous backyard, and unbeatable location near shopping, dining, parks, and recreation, this home offers a rare combination of comfort, versatility, and opportunity!
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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