3406 ALEC Drive
About This Property
Welcome to this inviting 3-bedroom, 2-bath home offering 1,140 sq ft of comfortable living space. Thoughtfully designed with a split living area, you'll enjoy a cozy family room perfect for relaxing or entertaining, and a separate kitchen featuring an eat-in dining space-ideal for casual meals or morning coffee. Step outside to a large backyard with endless potential-whether you're dreaming of a garden, play space, or outdoor entertaining area, there's room to make it your own. Major updates include a brand-new roof (2022) and a recently replaced A/C unit (2023), giving you peace of mind for years to come. Conveniently located and move-in ready, this home blends function and charm in a layout designed for everyday living.
Don't miss your chance to own this gem-schedule your tour today! Seller to provide up to $5,000 towards rate buy down, or buyers closing costs and pre-paids, floor replacement, with a full price offer. If you use our preferred lender, offering 1% towards buyers closing costs and pre-paids
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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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About Clay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017