40 Lorfield Drive
About This Property
Step inside to discover gorgeous hardwood floors, abundant natural light, and a thoughtfully designed floor plan including a spacious eat-in kitchen with modern finishes and a Carrara marble bathroom that boasts a luxurious soaking tub. The family room addition features a skylight and new sliding glass door (2022) leading to a fenced backyard with a concrete patio.
The partially finished basement includes a full bathroom, laundry hookups, and additional living space, with an option for first-floor laundry in the entryway. Other highlights include a 2.5-car detached garage with a new opener system (2023), a tear-off roof replacement for both the home (2014) and garage (2021), new easy-open windows (2020), an updated furnace (2021), hot water tank (2019), central AC, and all new electrical outlets (2021).
Square footage per appraisal completed in 2011. Showings start immediately with 24hr notice.
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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