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4 Stuart Lane
About This Property
The primary suite is well-sized with walk-in closets and a sitting area, while the additional bedrooms offer comfortable space for family or guests. The finished lower level adds valuable bonus space with recreation areas, additional rooms, and walk-out access, offering a lot of flexibility depending on your needs.
One of the most unique features of this property is the oversized garage and workshop, which is not commonly found in residential homes. It is a great fit for car enthusiasts, contractors, or anyone needing extra space for storage, equipment, or larger vehicles.
Set on approximately 1.83 acres, the property features a private in-ground pool with surrounding patio space, creating a great setup for summer entertaining, along with a spacious yard that offers plenty of room to enjoy the outdoors.
Ideally located minutes from the Taconic State Parkway and I-684, with Katonah's Metro-North station approximately 5 miles away, this home offers excellent commuter access along with close proximity to local shops and dining.
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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