401 Darroch Road
About This Property
The home features a welcoming floor plan, including a spacious living room, formal dining room and a bright and airy kitchen where you will find beautiful quartz countertops, a large kitchen island and a pot filler above the double oven range. The kitchen also boasts soft close drawers and casement windows that overlook the large back porch. The three bedrooms provide ample space for family or guests. Practicality meets preparedness with the built-in generator, ensuring peace of mind during power outages. The amenities don't stop there as this home also has a tankless water heater and two water sources including a private well.
The property also includes a 2-car garage, perfect for vehicles and storage, as well as two additional storage sheds for tools, equipment, or hobbies. The fenced-in backyard is ideal for children, pets, or gardening projects, while the surrounding acreage offers endless possibilities for outdoor recreation or expansion. This home is a rare gem, offering both privacy and practicality in a picturesque setting.
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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