24737 NICKELBY DRIVE
About This Property
All five bedrooms are located on the upper level, creating a clean, functional separation between living and sleeping spaces. The main level provides a generous layout with a large living room with fireplace, dedicated office, updated kitchen, formal dining room, and direct access to a nice‑sized deck overlooking the yard.
The lower level expands the footprint even further with a large recreation room, half bathroom, and additional rooms suitable for storage, hobbies, or flexible use. A spacious two‑car garage and ample off‑street parking complement the home's position on a corner lot of over ¼ acre, offering both presence and practicality.
A move‑in ready property with meaningful updates, strong functionality, and the neighborhood stability Damascus is known for.
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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