31 Hartstone Drive
About This Property
The standout feature in this home is its flexibility. A sun-filled room with pretty views on the main floor provides an ideal space for a home office, fitness, playroom or hobbies while upstairs a bonus room offers another option for remote work or guest accommodations. The walk-out lower level, complete with sliding doors to the patio, creates yet another opportunity for a private office, fitness room, multi-generational living or recreation space. Whether you're working from home or desire room for creative pursuits, this home adapts to changing 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