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2805 Scott Mill Road
About This Property
Originally built as a 3 bedroom, 2 bath home, it now features a thoughtfully Converted Garage that serves as a true fourth bedroom, expanding the home's functional living space to approximately 1,846 square feet. Whether you need an extra bedroom, a private guest suite, home office, homeschool room, playroom, or multigenerational living space, this flexible floor plan adapts to your lifestyle.
The remodeled kitchen is the heart of the home, showcasing a large center island, abundant cabinetry, updated finishes, and an open layout that flows seamlessly into the living area perfect for entertaining family and friends. Both bathrooms have been updated with modern finishes, and the home is move in ready, allowing you to enjoy it from day one.
Step outside to a spacious backyard with plenty of room to entertain, garden, or simply relax. Conveniently located near shopping, dining, schools, parks, and major highways, you'll enjoy easy access to everything you need.
If you've been searching for a home that offers the functionality and feel of an 1,800+ square foot home without the price tag of one, this is an opportunity you won't want to miss.
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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