384 STEPHEN LANE
About This Property
The skylit kitchen flows into a welcoming dining area and a refreshed back deck, ideal for gatherings. The spacious living room, with its bay window framing mountain views, offers a serene retreat. A smart split-bedroom layout ensures privacy for the primary suite, while two additional bedrooms share a hall bath. An oversized two-car side-entry garage with workshop space caters to hobbyists and project lovers. With thoughtful upgrades underfoot, overhead, and behind the scenes, this ranch is truly move-in ready-combining durable, modern updates with cozy, countryside living in a quiet cul-de-sac just minutes from US‑340 and WV‑9.
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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