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2713 MEADOW TREE DRIVE
About This Property
Upstairs, you'll find three bedrooms, including a spacious primary suite with a double-step-down layout, large walk-in closet, and access to a private deck overlooking the backyard. The renovated primary bath features a large marble shower with two shower heads, dual vanity, double sinks, and heated flooring. The additional bedrooms offer generous closet space and comfortable living areas.
The finished lower level adds valuable flexible living space, including a large recreation room, full bath, recessed lighting, and a fourth bedroom that provides additional space for guests, an office, or other needs.
Outside, the backyard is truly exceptional, featuring a beautiful in-ground pool with water feature, tanning ledge, hot tub, and extensive entertaining space. The outdoor kitchen includes a flat-top grill, refrigerator, sink, bar seating, TV hookups, and sound system, while fountains and landscape lighting create a spectacular setting for entertaining day or night. Additional features include a two-car garage with EV charger, owned propane tank, tankless water heater, shed, basketball hoop, and numerous outdoor improvements. This is a home designed for both comfortable everyday living and unforgettable gatherings.
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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