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2811 SCHOOL STREET
About This Property
Step through the front door into the sun-filled living room anchored by an attractive wood-burning fireplace. The space is open to the kitchen for a nice, connected feel. The kitchen features granite countertops, a convenient breakfast bar and all-new stainless appliances. Throughout the main level you'll find gleaming hardwood floors and clean neutral paint. And new vinyl windows are on order!
The main level offers three bedrooms and two full baths -- a convenient layout that's not always easy to find in the neighborhood. The primary bedroom has a private bath and a spacious walk-in closet. Both of the main level baths have been nicely updated. Downstairs offers more comfortable living space, with a large rec room and an updated granite wet bar. There's also another full bath, a dedicated laundry room with new full size washer and dryer, and a utility room with plenty of storage.
The property is on a corner lot with a driveway that easily holds four vehicles. The yard is newly landscaped, and out back there's a covered flagstone patio overlooking the fenced area, great for children and pets. Raised planting beds are just waiting for homegrown veggies and herbs!
This is a solid, well-maintained home with thoughtful updates throughout (and no HOA!) -- come take a look!
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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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About Groveton
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$1,900 /mo
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- 1 Bath
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$6,250 /mo
- 3 Beds
- 3 Baths
- 1,568 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017