3907 FAIRVIEW DRIVE
About This Property
Downstairs you will find a renovated full wet bar, newer laminated wood flooring and built-in shelves with an electric fireplace - the perfect retreat to escape to after a long day. The primary suite offers an enormous walk-in closet with additional storage and the full bath wows with a fully tiled shower and large vanity.
Take advantage of all the location has to offer; walk to Saturday morning bagels, multiple breweries, a diverse restaurant life downtown or take a peaceful stroll through nature as you visit Daniel's Run Park or Ashby Pond - just a quick jaunt down the street. Access to all the major roadways are all within a few miles reach of your home as well as local schools.
HVAC and high efficiency heat pump have been replaced within the last 3 years and a sump pump was installed in 2021. Permitted engineered ceiling beam installed during kitchen renovation.
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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%.
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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