3 Howard Drive
About This Property
This home has incredible curb appeal and upon pulling up to the home one of the first things you will take note of is the beautiful brick-facing entry way to the home with the the tastefully designed pillars and beautiful blue door and shutters. To the right of the entryway is the 2 car garage and the recently installed solar panels which provide the owner with incredible monthly savings on their electric bill.
Upon entering the home you will notice many renovations that have been completed over the last several years. To your right upon entering is what is typically used as a living room but has been converted to a game room / billiards room by the current owner. As you walk to the rear of the home you will find the spacious den and first floor half bathroom. To the left of the den is a large eat-in kitchen that features custom wood cabinetry, granite countertops and stainless steel appliances. Off the side of the kitchen is the deck and outdoor grill area which is perfect for your morning coffee and summer barbecues. The kitchen flows into a large formal dining room with a table that easily sits 6 people (or more).
Walking upstairs you are greeted right away by the massive primary bedroom with en suite bathroom and massive walk-in closet (so large it could be a bedroom). The en suite bathroom has double sinks, double mirrors and standing shower with excellent tile work. There are 3 more bedrooms located on the 2nd floor, all with generous closet space and tasteful renovations.
Walking back downstairs you will find the full finished basement which is a rarity in the area! Even more, the basement features a full walk-out access to the rear yard. The basement has great storage space, a large bathroom with a standing shower and spacious laundry area.
The backyard of this home just might be the best feature of all. There is a large extension / patio roof that extends over the back porch and provides lovely shade for your summer days while you are outside relaxing on your patio or enjoying a barbecue. A perfectly maintained lawn leads you to the in-ground swimming pool which is in perfect condition and recently had a new pump installed and pool liner replaced. There is even a small outdoor rinse off station so you can clean up after your swim! In the backyard you will also find 1 shed and 2 outdoor storage containers that provide a great outdoor storage option as well
The home features central AC, baseboard heating, updates to the kitchen, bathrooms, windows, pool, a heated garage, and more!
Located on a peaceful and quiet block, this is a slice of tranquility in Long Island that will not last long. Reach out to Brian today to schedule!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017