3365 FLORENCE ROAD
About This Property
Inside, natural light fills the home through Andersen windows and doors. Luxury plank flooring extends throughout the entire home, adding a modern, cohesive look. Bay windows in the living and dining rooms bring in warmth and charm. The fully renovated kitchen features quartz countertops, stainless appliances, updated cabinetry, and opens to a casual dining area with dual sliding glass doors leading to the rear deck.
Perfect for multigenerational living, the main level includes one bedroom and a full bath with a whirlpool tub, plus a new first-floor laundry room. The spacious family room is filled with natural light and features a high-efficiency wood-burning fireplace insert installed in 2024-providing both ambiance and outstanding heat performance.
Upstairs, four additional bedrooms and two full baths offer comfort and versatility. The walkout lower level includes interior and exterior access, laundry area, workshop, painted floors, and storage-ideal for hobbies or future finished space.
Major updates include: Trane HVAC (2021), CertainTeed roof with 10-yr labor & 4-Star material warranty (2022), Generac whole-house propane generator (2024), UV water treatment (2025), radon mitigation system, and more.
ADA-compliant ramp access, fenced pasture, and thoughtfully modernized systems throughout make this home a rare turnkey opportunity in a peaceful, rural setting.
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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