2407 MARE LANE
About This Property
The interior is bathed in natural light and showcases generous living areas crafted for relaxation and entertaining. A cozy fireplace serves as a focal point in the inviting family room, while the modern kitchen-equipped with high-end appliances-acts as the heart of the home, promoting seamless flow into the main living areas for effortless functionality.
The first-floor primary suite provides a private retreat, complete with a spa-like en-suite bath and ample closet space. The main level also includes a versatile office, a well-equipped laundry room, a mudroom, and an oversized garage that offers plenty of storage options.
The finished lower level expands your living space, featuring a recreation room, a home office, a full bath, a gym, a theater room, and additional large storage areas. With an attached two-car garage and a circular driveway, parking is abundant.
Step outside to enjoy a welcoming patio, perfect for outdoor dining and entertaining, overlooking a beautifully landscaped yard with mature trees that add charm to the property. Nestled in a quiet yet well-connected community, this home ensures easy access to top-rated schools, shopping, dining, and major commuter routes, making it the ideal combination of suburban serenity and urban convenience.
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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