3706 RUST ROAD
About This Property
Wood floors through-out the main level have just been refinished. Walk into the great foyer with high ceilings which opens to living room on left and library on the right. Continue to separate dining room to enjoy formal dinners or utilize the kitchen eating area for those casual meals. Kitchen has 42" white cabinets, cook-top island, stainless/black appliances and granite counters. Access deck through French doors, off dining area in kitchen, which overlooks beautiful flowering bushes and mature trees. Step down into family room with stone fireplace (has a wood pellet burning insert), wet bar and another set of French doors to the screened porch.
Upstairs there is the owner's suite with sitting area and recently updated bath. Jack and Jill bedrooms with shared bath. The 4th bedroom is ideal for guest room with private bath. All bedrooms up have walk-in closets.
Lower Level is partially finished with bedroom and bath. There is plenty of room for rec.room, exercise room or whatever your needs.
Exterior is brick-veneer on all four sides. Outside woodwork has just been painted. Parking pad at top of driveway and driveway resealed! Also extra storage in 96 sq ft shed with electricity. Back up (Generac) Generator!
Great location! Near parks and easy access to Rt. 495, restaurants and shopping.
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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