3113 Dorothy Lane
About This Property
Nestled in a desirable neighborhood, this well-maintained ranch home offers comfort and convenience. The main level features a spacious living room, galley kitchen with a pantry, large formal dining with slider to a deck with a pergola, three bedrooms, a full bath, and a main-level laundry shared with an additional half bath. The full finished basement provides even more living space, including a non-conforming 4th bedroom with double closets, a large family room with a cozy wood-burning fireplace, an additional shower in the utility room, and plentiful storage. Enjoy a 2-car garage and an area for a garden in the backyard. Excellent setting near schools, restaurants and the highway for an easy commute. This home is perfect for anyone looking for a peaceful yet connected lifestyle. Plus, the friendly neighborhood is ideal for an evening stroll. Don't miss out-schedule your showing today!
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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