2685 Warmsprings WAY
About This Property
The walkway to the front door is warm and inviting. As you enter the home, the dual sliding doors wash the main living area in natural light. The wainscoting and fireplace on the first floor create an air of restrained elegance. The galley style kitchen features plenty of storage space and a mosaic tile backsplash. The indoor laundry room features additional storage space. As you make your way upstairs, take note of the newly installed flooring throughout the second floor. The owner's suite is large with a spacious ensuite. The three additional bedrooms are also good-sized with plenty of closet space. As you make your way outside to the fenced backyard, you'll love the wrap around deck. It's the perfect outdoor space for entertaining. There are many options available to make this great backyard truly your own. AC 2021. Roof 2015. Water Heater 2017. Low HOA fees. This home will not last long, make your offer today!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017