416 FAIRVIEW DRIVE
About This Property
Main level has Living Room, Separate Dining, Home office or could be used as bedroom, 4 Season Sunroom with custom Levelor Blinds and additional 2 Bedrooms, and an updated Full bath with Jacuzzi Tub/shower combo.
The finished basement provides additional living space and includes a full bath with a walk-in shower featuring Jacuzzi Shower. The utility room offers two mop sinks for added convenience. Outside, enjoy your own private backyard oasis complete with a 21-foot heated saltwater above-ground pool and a Strong Spa 5 seater hot tub on covered deck. The backyard features Fenced in area for kids or pets, mature trees and no houses directly behind property for privacy. A three-year-old shed provides excellent storage, while the driveway was redone approximately three years ago.
Ideally located just off the main thoroughfare with easy access to major commuter routes for Maryland commuters. Conveniently close to schools, shopping, and everyday amenities, with medical facilities and additional necessities within approximately 15–20 minutes. This exceptional home has been thoughtfully improved and offers an incredible combination of comfort, functionality, and outdoor enjoyment! Make your appointment to see before its too late.
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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%.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017