4 Ellis Court
About This Property
The heart of the home spans the rear of the house with a southern exposure, where the sun-drenched kitchen, breakfast area, and family room with fireplace open to the expansive backyard. Formal living and dining rooms, along with a private office, provide elegant and functional spaces, while a mudroom with laundry and an oversized two-car garage add everyday ease.
Enjoy unparalleled access to outdoor recreation just outside your door-adjacent to Midland School fields and directly across from Rye Recreation Park and the Rye Arts Center. Sidewalk-lined streets lead you to Metro-North, downtown Rye, all schools, the YMCA, and library.
Cherished by the same owners for over three decades who have treasured the memories made here, this is a rare opportunity for you to create your next chapter in Rye.
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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