3420 Merrifield Road
About This Property
Formal living, spacious den with built-ins and separate dining area. Additionally, a bonus room with built-in drawers, sunroom, laundry room. Fresh paint, updated carpet and stunning hardwood floors. Updated roof in 2023. Updated kitchen with granite countertops and stainless-steel appliances. Upgraded main bath includes an over-sized walk-in shower with dual showerheads.
The home includes a finished two-car garage and a deck with low-maintenance composite boards. Workshop/storage building with power and a lean-to extension adds extra space. Concrete driveway with ample parking with a gate that leads to a fenced in backyard for privacy. Planted garden includes a vertical strawberry planter, perfect for homegrown fruits and vegetables!
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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