228 McConnell Drive
About This Property
Northwest Schools! Charming 3 BR/1 BA ranch home nestled among mature trees, offering privacy and a peaceful setting. From the moment you step inside, you'll be welcomed by beautiful hardwood floors that extend through the hallway & into the generously sized bedrooms. Updated kitchen has been tastefully renovated, while the bathroom features heated floors for an extra touch of comfort. Spacious family room offers built-ins, a fireplace & a dining area, creating a warm & functional gathering space. Step outside to enjoy the large deck, fenced backyard & storage shed--perfect for entertaining, pets, or outdoor activities. Partially finished basement includes an office or non-conforming 4th bedroom, along with ample storage areas, shelving & endless possibilities for additional finished living space. More highlights include excellent insulation, high-efficiency furnace & AC, all new kitchen appliances & washer and an EV charging station in the garage.
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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