24417 GALEANO WAY
About This Property
You can hear friends watching the game on the big screen from the open family room. The fireplace is winter-ready, so grab your favorite beverage and snuggle in. The enormous deck calls you for a BBQ before the weather gets too cold. Head upstairs to the primary suite and primary bath. Take note of the vaulted ceilings and charming color on the walls. Two walk-in closets, two vanities in the bath, a garden tub, and a separate shower make this perfect retreat when the day is over. Three other bedrooms and a hall bath complete this ideal home. The lower level is finished with a den and full bath. It is the perfect spot for guest or multi-generational living. The den is perfect for an office space if you work from home. The sliding doors lead to a private deck area perfect for a hot tub or privacy for others. There is rough plumbing for a wet bar. Now for the backyard. This space is ideal for the firepit, the cornhole game, or soccer match. It is level and lovely. Replaced in the last ten years: Roof, HVAC, and Hot Water Heater. Welcome to Damascus. Head uptown to the famous Jimmie Cone ice cream stand. Check the Hornets Nest for your favorite craft beer, or stop in Style Me Sue for the latest fashion design-plenty of other restaurants and shops. Pool memberships are available at The Dmascus Community Pool and The Plantations Community Pool.- Damascus- a small-town feel with a big-town heart.
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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.
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About Damascus
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017