31 Apple Lane
About This Property
The primary first-floor bedroom easily accommodates a king-size bed while still offering space for a cozy sitting area, which could also be transformed into a dream walk-in closet. A second first-floor bedroom is perfect for a nursery, guest room, or home office.
The beautifully renovated first-floor bathroom boasts an extra-wide walk-in shower, state-of-the-art illuminated mirrors, and elegant shiplap detailing. Upstairs, you'll find two generously sized bedrooms that share a stylish second full bathroom with a tub/shower combination. Step outside to discover a backyard designed for relaxation and entertaining. Impeccable attention to detail is evident throughout the outdoor living space. Spend summer afternoons lounging beside the in-ground saltwater pool, then enjoy evenings grilling and dining on the stunning patio. This home truly offers the perfect blend of timeless Craftsman charm and modern luxury.
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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%.
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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