415 Clark St
About This Property
This four bedroom, one bathroom home provides a versatile, comfortable layout with plenty of room to spread out. The main level includes the full bath along with a dedicated home office, perfect for remote work. Upstairs, the smallest bedroom sits directly above the main floor bathroom, creating a straightforward opportunity to convert that space into a second bath.
Outside, the property delivers incredible utility, privacy, and outdoor freedom. Filled with mature trees, the fully fenced, manicured yard provides a great area for pets and kids to play. A dedicated private well services all exterior irrigation, allowing you to keep the expansive lawn lush and green all summer without adding to your municipal water bill. The front porch has ample room to sit back and unwind, and there is a covered patio perfect for grilling and entertainment. There are raised beds and compete landscaping.
Storage and project space are virtually unmatched with two separate 2 car garages, offering ample room for vehicles, toys, and equipment. Both garages are equipped with heat, and one includes cooling as well, making them ideal year-round workshops. One of the garages has a bonus storage room which can be used for additional storage.
This is a rare chance to own a piece of local heritage with an incredible footprint and plenty of room to make it your own.
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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