3 Newcomb Trail
About This Property
The main level features hardwood floors throughout, ceiling fans in the kitchen and all 3 bedrooms, and high-hat lighting in the kitchen and living room. The kitchen is equipped with stainless steel appliances, with the refrigerator to be replaced with another stainless-steel refrigerator prior to closing. Skylights and vaulted ceilings add an open, airy feel to the living space.
The home offers baseboard heating with one heating zone. The basement provides a partially finished area with carpeting, laundry area with washer and dryer, utility space, and access to the home's oil tank. A pull-down attic provides additional storage access from the hallway.
Additional features include 100-amp electric service, vinyl siding, cesspool, wood deck, shed, and a fully fenced yard. Enjoy the outdoor space with an above-ground pool and a newer front stoop.
The home is located within a private community where residents have the option to participate in the community association. The optional association fee ranges from $244-$348, plus a mandatory $10 double lot fee (yearly).
A wonderful opportunity to make this Ranch your own in a private community setting!
Important: The in-ground sprinkler system, consisting of four zones with one zone currently not functioning in the backyard, will not be represented by the seller. The above-ground pool is also offered as-is and is not represented by the seller.
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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