48
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40 Poplar Drive
About This Property
There may be no better house for the money in Monroe. This adorable, well-maintained ranch clearly shows the pride of ownership from 16 years of loving care. A brand-new front entrance door welcomes you into a bright foyer and spacious living room featuring a large picture window that fills the home with natural sunlight.
The modern, updated kitchen offers beautiful stone countertops, a movable island, and newer appliances - perfect for everyday living and entertaining. Enjoy the convenience of a newer main bathroom and three comfortable bedrooms, including a primary bedroom with its own updated full bath.
The full basement provides endless possibilities for additional finished living space, home office, gym, or recreation area - and the layout makes adding a second level a realistic future option. Major upgrades include a new roof, new siding, and upgraded 200-amp electric service, giving buyers peace of mind.
Step outside to a fenced-in yard and deck, ideal for relaxing, pets, or gatherings, all set on a quiet, low-traffic street.
Perfect commuter location - close to lakes, hiking trails, shopping, major highways, trains, and buses.
Move-in ready, thoughtfully updated, and priced to sell - don't miss this opportunity.
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Cap Rate Calculator
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