4117 QUEEN MARY DRIVE
About This Property
The first floor features a large living room and a separate dining room that has been opened into the bright kitchen. The garage has been modified and is now a convenient main level office with built-ins. You will love the welcoming family room with a wood burning fireplace. In addition, there is a lovely primary bedroom with updated full bathroom, 2 additional bedrooms and renovated hall bathroom.
The lower level has tons & tons of useable space. My favorite is the spacious recreation room and enormous screened-in porch that is perfect for family fun & entertaining. A lower level legal bedroom and full bathroom makes a great retreat for visiting family. And there is still more.... an exercise room, laundry room, utility and storage room.
The enormous fenced backyard features 2 gorgeous hardscaped patios that are perfect for summer evenings by a fire pit or watching lightening bugs!
Be a part of this great community that is known for it's gorgeous cherry blossom tree-lined streets, Fourth of July celebration, super neighbors and great schools!
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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 Olney
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017