27 Falling Water Drive
About This Property
The gracious living, kitchen, and breakfast areas invite you outdoors onto the expansive deck. Throw open French doors in the main living room and let the Spring air in from the large screened porch with vaulted ceilings. We are all yearning for that warm weather, but the salt-water spa and functional wood burning fireplace will make you feel snuggly through the last days of Winter. Beautifully appointed kitchen with Bosch induction stove and dishwasher make hosting fun! There is no shortage of storage in the copious cabinets and large pantry. Stunning home office/den with floor to ceiling built ins make work from home days feel inspired. Upstairs, you will find sanctuary in 4 generously sized bedrooms. The serene primary suite has a newly updated bath with tiled shower, skylight, and an enviable walk in closet. Did I say storage? So much potential in the 370+ sq ft walk up unfinished attic. Find peace knowing this home has been lovingly kept through the years, with Trane heating and air systems installed in 2022, a whole house air filtration system, and roof replaced in 2014. Enjoy life lived outside with 5+ miles of neighborhood trails, and access to the American Tobacco Trail right on the street. Plant yourself here and watch your best life bloom!
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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