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313 CONE BRANCH DRIVE
About This Property
The upper level begins with a perfectly sized primary suite with walk-in closet and an en-suite bathroom. There are 3 additional rooms with ample space in each as well as a hall bath. The cavernous lower level features 9' ceilings, a massive rec room, half bath, and utility room with tons of storage. The home has been freshly painted throughout and has recent utility updates including a water heater ('19), HVAC ('14) and roof ('12).
The exterior is adorned with low-maintenace, mature perennial landscaping, a shed, and an oversized brick patio in the back. Additionally, there is a portion of the yard fenced in to allow pets out or if you want to create a play area for children. The front features a custom paver walkway leading up to an inviting porch, the perfect front row seat for the famous Middletown 4th of July fireworks in the park just beyond.
This home is perfectly situated within a stone's throw of Middletown Park and walking distance of the Middletown public school campus, and all the restaurants, shopping and charm Middletown has to offer. This house truly has it all- location, layout, amenities, updates, lot and more. You couldn't ask for more so hurry and 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