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2681 Lowell Blvd
About This Property
The thoughtfully finished basement creates a true primary retreat featuring a spacious bedroom with a walk-in closet and a beautifully designed ensuite bath with dual sinks, an oversized walk-in shower, and designer tile accents. An additional living room, laundry area, and generous storage provide flexibility for guests, a home office, or additional living space.
Outside, a pergola-covered patio, fire pit, artificial turf, and low-maintenance xeriscaping create an inviting outdoor retreat equally suited for entertaining or quiet evenings at home.
Architectural plans are available for a future second-story addition of about 700 square feet, including two additional bedrooms and one bathroom, offering flexibility for future expansion. Ideally located just moments from Sloan's Lake, neighborhood restaurants, breweries, coffee shops, and the vibrant shops and dining of the Highlands.
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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