322 Belrose Drive
About This Property
A dramatic two-story foyer welcomes you in, flanked by a dedicated office/formal living room with French doors and crown molding & a formal dining room with a tray ceiling, chair rail, wainscoting & a convenient butler's pantry!
The living room offers a wall of windows and a beautiful double-sided gas fireplace that also warms the expansive kitchen and breakfast/lounge area. The gourmet kitchen features an oversized island with granite counters and breakfast bar, stainless steel appliances, gas cooktop with range hood, wall ovens & plenty of workspace! A main-floor laundry room with utility sink and storage, plus a nearby half bath, add everyday convenience.
Upstairs, brand-new carpet enhances the entire level! The private primary suite is set apart from the secondary bedrooms and showcases a tray ceiling, crown molding & a bath with separate his-and-hers vanities, abundant storage, soaking tub, walk-in shower & an oversized walk-in closet. Two secondary bedrooms share a Jack & Jill bath with dual vanity, while another bedroom enjoys its own ensuite bath and walk-in closet!
Outdoor living is just as impressive with a charming paver patio and tiered landscaping-perfect for entertaining or quiet relaxation!
Meet your neighbors at the community pool or just a short drive to Waverly Place, Fred G Bond Metro Park, Lake Crabtree County Park and tons of other shopping and entertainment opportunities to explore!
In addition, our preferred lender is offering up to 1% in lender credit, which can be applied toward closing costs or to help reduce the interest rate.
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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