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3951 WENDY LANE
About This Property
The main level features a bright and sunny living room with a large bay window, flowing into the dining area and adjoining kitchen with gas cooking. A door from the kitchen leads to the large rear deck, creating an easy transition for indoor/outdoor dining, grilling, and entertaining. The main level also features the primary bedroom with a private full bathroom, two additional generously sized bedrooms, and a full hall bathroom.
The finished walkout lower level significantly expands the living space. It offers flex space, two additional bedrooms, one full bathroom and one half bathroom, a laundry area with a utility sink, and extra storage. The walkout provides convenient access to the rear yard.
Outside, enjoy a spacious deck overlooking the 0.21-acre lot-an ideal spot for relaxing or entertaining. An attached carport and driveway provide ample off-street parking.
Conveniently located near public transportation, shopping, dining, and other neighborhood amenities, this home offers tremendous space and flexibility. While the finishes may be somewhat dated, the property has been well cared for and is clean and move-in ready, with an excellent opportunity to update over time and make it your own.
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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%.
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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