23 Oak Terrace
About This Property
Covered front porch welcomes you to over 2,200 SF of living space and creates the perfect space for a good book or that first cup of coffee. Entry foyer opens to a spacious living room boasting wood burning fireplace with marble surround and wood mantle. The room accommodates a huge sectional sofa and can easily maintain an additional hutch or desk as well. Formal dining room is just off the kitchen and provides access to the rear deck through a gorgeous double glass door. 2020 Kitchen remodel showcases 42" cabinets, granite counters, tiled backsplash and stainless steel appliances. Private Office, family room with impressive turret ceiling, and powder room complete this level.
2nd floor maintains the primary bedroom complete with an entire wall of closets and en-suite bath. Three additional bedrooms and full bath are found here. All the fixtures in the bathrooms were just replaced.
Full basement is currently unfinished, and offers laundry, utilities, storage and bilco doors to access the back yard.
Highly rated Suffern Schools. Great neighborhood feel and only three blocks to the Suffern train station! Additional Information: ParkingFeatures:1 Car Detached,
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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