4011 TERRACE DR
About This Property
Move in ready, and recently renovated, 2 level rambler. Kitchen completely transformed with new counter tops, appliances, cabinets & backsplash. Main level with open floor plan, beautiful hardwood floors & recessed lights. Living room with fireplace #1 & large picture window for ultimate light & views. Access to deck/backyard from kitchen, along with line of sight to backyard. 3 total main level bedrooms & 2 full updated bathrooms. The Primary Bedroom offers an en-suite bathroom and access to the deck.
The lower level boasts a recreation room with fireplace #2, Bedroom #4, full bathroom and walk-up access from laundry room. Spacious rec room with recessed lights. Laundry room with room for storage.
Driveway & neighborhood parking allows for plenty of parking for guests & entertaining. Light & bright in every room. Close proximity to parks, 495 & shopping.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 14, 2024 | Sold | ||
| Sold | |||
| Oct 29, 2024 | In contract | - | |
| In contract | |||
| Oct 24, 2024 | Listed by Long & Foster Real Estate, Inc. | $799,900 | |
| Listed by Long & Foster Real Estate, Inc. | |||
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About Annandale
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017