411 Ashley Drive
About This Property
The home features a converted garage now serving as a bonus room, perfect for a home office, playroom, gym, or additional living space. Inside, the entire home has been freshly repainted, creating a bright and inviting feel throughout. Recent upgrades include a brand-new roof, a new water heater, and new flooring in all bedrooms and the primary bath. Both bathrooms have been updated with new vanities, and the primary bath also features a new double vanity, mirror, towel bars, and shower head.
The laundry room adds everyday convenience, with the washer and dryer conveying in working order and being sold as-is. Outside, the exterior trim has been freshly painted, enhancing curb appeal and completing the list of improvements.
With generous outdoor space, modern updates, and a desirable location south of I-10, this home is ready for its next owner. Schedule your showing today and see all this property has to offer.
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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