2782 Willow Drive
About This Property
Originally crafted by Mark D. Williams and showcased during the Fall 2020 Parade of Homes, the home has since seen the thoughtful completion of its lower level by John Kraemer & Sons. The space reflects meticulous attention to detail with many custom-designed built-ins, a gas fireplace surrounded by honed Indiana limestone and vintage beam mantle. You will be impressed by the artfully crafted soffit made from 1850's beechwood, reclaimed from a cotton mill in Tennessee. The space continues with a 3rd bedroom, bathroom, den, mud room and ample storage. Every aspect has been carefully curated to deliver a warm and relaxing lifestyle.
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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