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2908 JOHNSON DRIVE
About This Property
Step inside to discover a sunlit living room, enhanced by skylights that bathe the space in natural light, and a cozy wood-burning fireplace in the family room that's perfect for cooler evenings. The thoughtfully designed layout includes a separate dining room that opens to a delightful screened-in porch-ideal for morning coffee or sunset dinners. The kitchen and family room overlook the expansive backyard, creating a seamless connection to the outdoors.
The primary suite and all bathrooms have been stylishly updated, while the finished walkout basement offers a flexible exercise room, updated laundry area, and space for hobbies or relaxation. Outside, you'll find new decking perfect for entertaining, a large fenced-in area that's perfect for a dog run, fire pit, hot tub ( conveys) and an expansive yard ready for your next garden project or summer barbecue. As a bonus the seller built a gazebo that is perfect for that after dinner drink or even a quiet escape.
Practicality meets convenience with a 2-car garage, extra garage that can fit a small car or workspace, a dedicated spot for your trailer or boat-plus, no HOA! Recent updates, including a widened front entrance with a welcoming porch and retaining wall (2023), make this home move-in ready. This home has an easy commute to DC, Baltimore, Annapolis, and the airport, you truly get the best of both worlds: peaceful living in a tight-knit community with unbeatable accessibility.
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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