243 Adelaide STREET
About This Property
Many upgrades made throughout the home to include the remodeled kitchen and both baths, flooring (bedrooms, living room & dining room), fans & light fixtures, added recessed lighting in the kitchen & family room, replaced the sliding glass doors, new interior paint, Bosch A/C system (6.5 yrs old), new water softener system (6 months old), pool resurfaced (2yrs ago) and converted to saltwater with a new high efficiency pump (both 3 yrs ago), pool enclosure rescreened (4yrs ago), pavers installed in the pool area/patio (2yrs ago), water heater (7yrs old), Generac portable gas generator (runs the whole house), Ring doorbell w/full perimeter security system and shed w/electric (10 yrs. old). This home sits on an oversized lot just under 1/2 an acre with it's manicured lawn and landscaping. The sprinkler system was replaced this year and there is a well for the irrigation. The home's front elevation has a side entry garage plus the extended driveway accommodates plenty of parking. The huge backyard is completely fenced with vinyl fencing and great for entertaining and having those summer barbeques and pool parties. Glen Abbey is a beautiful neighborhood with few homes available.
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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%.
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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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About Glen Abbey
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,350 /mo
- 3 Beds
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- 1,270 ft²
$2,400 /mo
- 4 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017