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295 Silver Street
About This Property
A welcoming front foyer opens to the living room and continues into the kitchen and dining area. The living room features an electric fireplace with a stone facade, while the large custom kitchen offers great space and additional seating. Sliders off the dining area lead directly to the backyard deck for easy indoor outdoor living. All three bedrooms are well sized, including the primary with a walk in closet and a secondary closet. The full basement includes laundry, a half bath, and offers great space for storage and potential future use.
The backyard is designed for both everyday enjoyment and entertaining, with a spacious deck, pool, large paver patio with firepit, an expansive lawn, and detached two car garage. Wired Bose speakers outside and sprinklers in both the front and backyard add to the overall functionality of the space.
Additional home highlights include central air, natural gas, 200 amp electric, roof and siding updated in 2017, a new pool pump, and sewers.
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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