3 Franklin Drive
About This Property
Welcome guests into the bright and airy living room with luminous hardwood floors and bay window, formal dining room, gorgeous eat-in-kitchen features abundant cabinets, custom tile, custom flooring, granite countertops and stainless steel appliances. Kitchen door leads to concrete patio, and level landscaped backyard.
The lower level features a spacious family room with wood-burning fireplace, tile floors, large bedroom, full bath, gym, pantry, laundry room and additional storage area. Minutes from transportation, schools, parks and shopping.
This magnificent scenic residence is the ideal place to call home.
Full finished basement is not included in sq. Ft.
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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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Data Source: OneKey MLS
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017