2510 Chinook Drive
About This Property
The primary suite is a true retreat with his-and-her walk-in closets, a dual vanity, a separate garden tub, and and an oversized walk-in shower. Luxury vinyl plank flooring and new carpet were installed in 2021, adding comfort and durability throughout the home. The three additional bedrooms are arranged in two separate areas, each featuring walk-in closets, with two bedrooms sharing a hall bathroom.
Outside, the expansive backyard is fully privacy fenced and includes additional patio space ideal for weekend cookouts, plenty of room for a pool, a dedicated greenhouse for year-round gardening, and a charming secret garden with a walking path.
Additional features and upgrades include a reverse osmosis water filtration system, a whole-house gas generator, a new HVAC system installed in 2023, a new roof in 2023, and a water heater replaced in 2020. The washer, dryer, and refrigerator will remain with the home for added 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