408 JACKSON PLACE
About This Property
The dining room flows seamlessly into the family room, which features an authentic Kiva fireplace, inspired by southwestern pueblo architecture. There are double sets of French doors opening to the deck overlooking the patio and gardens below, with a burbling pond as a focal point of the slate patio. Perched above the family room is an artist's studio, streaming with sunlight accessed by a natural wood circular staircase. The studio accesses the roof, which has potential to become a dynamite rooftop space. The kitchen boasts gleaming stainless steel appliances, sparkling black granite countertops and a breakfast bar opening to the family room. On this main level, there are two bedrooms and a renovated hall bath off the living room, which are part of the original house.
The two story primary bedroom is accessed by a staircase off to the side of the entry hall and features a balcony bath up a separate staircase overlooking the primary bedroom leading on to the enormous walk in closet. The primary bath features a soaking tub overlooking the bedroom below as well as a standing glass enclosed shower and double sinks, access to the huge walk in closet and a glass door leading to the roof, just steps to the doorway leading into the artist's studio above the family room.
The walkout lower level offers a spacious recreation room, with built in bookcase, a full bath and glass door to the slate patio . On this level there is a recently completed laundry room and storage rooms for seasonal recreational belongings.
The rear gardens are beautifully landscaped and include year round plantings with a bubbling pond and natural plantings creating a quiet oasis.
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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.
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About North Ridge - Rosemont
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017