3507 MACLEFISH LN
About This Property
From the kitchen, access a large, year-round room filled with windows, leading to a gorgeous deck or pool area. Inside, discover a convenient laundry/mud room connecting to a rare 3-car garage, complemented by ample driveway parking. Upstairs reveals 4 bedrooms, including a Primary Bedroom with a Sitting Room, a walk-in closet, the size of three, and an ensuite bathroom with a jacuzzi tub and separate shower. The remaining 3 bedrooms, all generously sized, feature ceiling fans , one with private full bath and 2 sharing a full, well-appointed bathroom.
The house boasts a beautifully finished basement with a wet bar, game room, a potential home theater area, and ample storage and closets. Additional features include walk-out steps to the yard, a 5th Bedroom, and a full bath. Enjoy the backyard oasis with a large swimming pool, poolside decking, and plenty of yard space. Power outages are no concern, thanks to the included generator. The owner states it is a "whole house generator". Golf Club membership does have a fee to join.
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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