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3281 Milburn Avenue
About This Property
Located in the desirable Baldwin Harbor neighborhood, this updated 4-bedroom, 2.5-bath home offers a fantastic blend of modern amenities and outdoor enjoyment.
The home features a renovated large eat-in kitchen with quartz countertops, center island, stainless steel appliances, and gas cooking-ideal for home chefs. Enjoy entertaining in the formal dining room and relaxing in the sun-filled living room with vaulted ceilings. A tremendous den with a wood-burning fireplace adds warmth and charm to the living space. There is a ground-level bedroom, ideal for guests.
Comfort is ensured year-round with gas heat, gas hot water, and central air conditioning. Both full bathrooms have been completely renovated, and the home also includes a convenient half bath.
Step outside to a beautifully maintained backyard featuring a vinyl, fenced-in, gas heated in-ground swimming pool, a large back deck, and patio-perfect for summer gatherings. The landscaping is professionally done, and the five-zone in-ground sprinkler system keeps everything lush and green. NO FLOOD ZONE ( ZONE X)
Additional features include:
Brick and vinyl siding
Two-car garage
Utility/laundry room/Storage
Alarm system
Abundant natural light throughout
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Cap Rate Calculator
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