4177 PLOWSHARE COURT
About This Property
Step outside from the kitchen to a lovely paver patio and enjoy a fully fenced, rare to find totally private backyard that backs up to a serene preserve wooded area with privacy evergreens on the other two sides of yard. This house is on a town road therefore it is plowed unlike the other common driveways in the neighborhood that are not.
Inside, you'll find a modern kitchen featuring granite countertops, luxury vinyl tile flooring, stainless steel appliances and gas cooking. The kitchen flows seamlessly into a spacious family room, complete with a cozy gas fireplace surrounded by a beautiful mantel.
Upstairs, you'll find three comfortable bedrooms, including a primary suite with its own bath, plus an additional full bath. The lower level offers a fully finished family room and plenty of storage. Recent upgrades include a new roof in 2021, updated kitchen granite and appliances in 2020, luxury vinyl tile flooring in 2023, a new HVAC in 2019, new gas hot water heater in 2024, and a radon system for peace of mind.
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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