311 LOCUST ROAD
About This Property
Step inside to an atmosphere of spaciousness and light, defined by high ceilings and an open-concept layout. The thoughtful split-floor plan ensures privacy and an effortless flow between living areas. You will enjoy the durability and sleek look of luxury vinyl plank (LVP) flooring throughout the entire home, which is both stylish and easy to maintain. The heart of the home features a chef-ready kitchen with granite countertops, soft-close cabinets, sleek stainless steel appliances, and recessed lighting. A generous kitchen island is perfect for food prep, a breakfast bar, or casual dining. Both the kitchen and bathrooms boast granite countertops and soft-close cabinets for a cohesive, quality feel.
The private owner's suite is a sanctuary, featuring an elegant tray ceiling that adds a touch of sophistication. The en suite bathroom is complete with dual sinks and a walk-in shower showcasing stunning, floor-to-ceiling wall tile. A large walk-in closet provides ample storage space. Extend your living space outdoors onto the screened, covered lanai, where you can relax and enjoy the fresh air protected from the elements. This home is truly move-in ready, including valuable extras like ceiling fans, blinds, and a garage door opener. Don't miss the opportunity to own this perfect blend of style, quality, and generous land! Call today to schedule your private showing.
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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