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38 Nymph Road
About This Property
Step inside to a bright and welcoming interior featuring hi-hat lighting, ceiling fans, Anderson windows and an abundance of natural light throughout. The spacious living room serves as the heart of the home, highlighted by a cozy fireplace with a beautiful brick surround and a charming bay window that enhances the home's warm and inviting atmosphere.
The kitchen features granite countertops, stainless steel appliances and a convenient pass-through window, making entertaining effortless. Backyard access directly from the kitchen adds to the home's practical layout and seamless indoor-outdoor flow.
The primary bedroom features sliders leading directly to the fully fenced backyard. The thoughtfully designed layout offers two bedrooms on the first floor and two additional bedrooms on the second floor, providing flexibility for extended living, guest accommodations, or home office space.
A full finished basement with a dedicated utility room with an updated heating system adds functionality and exceptional additional living space, perfect for recreation, storage, hobbies, or additional entertaining space. Baseboard heating provides year-round comfort and efficiency.
Conveniently located close to parks, shopping, dining, and beautiful local beaches. With its versatile layout, highly desirable deeded beach rights, and exceptional location, this wonderful property is ready to welcome you 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