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3410 PUNKIN PATCH LANE
About This Property
The home's five bedrooms provide excellent versatility, including a private bedroom and bath combination with its own separate patio entrance-ideal for guests, extended family, or an in-law arrangement. The bathrooms have also been recently updated, adding to the home's move-in-ready appeal. Outside, the oversized approximately 800 sq. ft. three-car garage features high ceilings, abundant cabinetry, and plenty of room for vehicles, tools, hobbies, and storage. The expansive screened lanai and oversized 1.68-acre homesite provide plenty of room to spread out and enjoy the peaceful surroundings. Adding even more versatility is the separate 608 sq. ft. detached cottage, complete with one bedroom, one bathroom, its own screened lanai, and a private one-car garage. With separate electrical service, the cottage offers an excellent opportunity for multigenerational living, a private guest residence, home office, or potential income-producing rental. Major improvements provide additional peace of mind, with roofs on all structures replaced between approximately 2020 and 2025 and HVAC systems replaced in 2024 and 2025. Multiple A/C systems serve different areas of the main residence for individualized comfort, while a propane generator connected to the main home's service panel provides valuable backup power. The main kitchen appliances are also new or will be replaced with new appliances prior to closing. With approximately 4,367 total heated sq. ft., six total bedrooms, a detached 608 sq. ft. cottage, four garage spaces, extensive storage, NO HOA, and 1.68 acres, this one-of-a-kind property offers tremendous flexibility for those seeking space for extended family, guests, hobbies, work-from-home needs, or additional rental income! Call today to schedule your private tour!
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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