3712 FALLING GREEN RD
About This Property
Step outside onto the large deck with a convenient ramp and sliding glass doors, ideal for seamless indoor-outdoor living. The lower level offers a cozy family room with a brick wood-burning fireplace and a walk-out slider. Additionally, a spacious recreation room currently used as a full in-house gym, perfect for staying active year-round. A bonus room, adjacent to the laundry area and third full bathroom, provides versatility and convenience.
Hardwood floors grace the top level, adding warmth and character to the home. Outside, the expansive 18,000-square-foot fenced lot with a retaining wall creates a gardener's paradise, perfect for entertaining guests or simply relaxing in the serene surroundings. Bring your fire pit or consider building one to enhance your outdoor experience. Conveniently located near major routes such as 108, 97, and the ICC, this home offers easy access to nearby amenities, such as Harris Teeters, Giant, local shops and spas, along with a variety or restaurants. Don't miss out on the opportunity to call this wonderful property your new home!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017