3707 DIANE AVE
About This Property
The heart of the home lies in the eat-in kitchen, adorned with granite countertops and display cabinetry, where culinary delights await. A casual dining area offers direct access to the deck and pool, creating seamless indoor-outdoor flow for entertaining or enjoying al fresco dining. The living room provides a welcoming space for gatherings, while the primary bedroom offers a serene retreat with ample space and comfort. Two additional bedrooms and a full bath complete the upper level, providing versatility and convenience for family and guests. Downstairs, the lower level family room exudes warmth and charm, featuring a fireplace flanked by built-in shelving and access to a side patio, perfect for cozy evenings or outdoor relaxation. An additional bedroom, full bath, laundry room, and storage space round out the lower level, offering both practicality and comfort. Outside, the exterior features extensive landscaping, driveway, secure storage, pool, deck, patio, and a leveled fenced backyard that backs to trees, providing a serene backdrop for outdoor enjoyment and activities.
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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