2980 FRIENDS RD
About This Property
Upstairs you will find a large primary suite with vaulted ceilings and a walk in closet. The primary bathroom features a large vanity area, separate from the remaining bathroom area. There are two additional bedrooms that share a second full bathroom on the second level. Both bedrooms have generous closets and window views of the South River.
The basement area in this home is unique and provides lots of options and opportunities for the next homeowner. A full kitchen could accommodate long term guests or family. With plumbing and electric already in place, the kitchen could easily be renovated into a great entertainment bar area. The finished basement offers an additional TV family room, work out space, or whatever suits your needs.
The large back yard is already fully fenced and awaits your personal landscaping plans. Please note that the property lines for this home extend beyond the fence line. The two car garage is oversized, easily accommodating 2 cars with a lot of additional storage space and built in shelving.
Cape St. John offers water access amenities for residents to enjoy, including a community beach, pavilion and playground. Residents may store kayaks and paddle boards at the community beach, and a pier and boat ramp are also available for you boating recreation needs.
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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