42 Montrose Drive
About This Property
Updated kitchen with quartz countertops, recessed lighting, stainless steel appliances, and plenty of storage. Living room, formal dining area with sliders leading to a large deck and lush green backyard. Main level also includes a powder room, sunken den/or office with new sliders for additional backyard access.
The upper level offers a primary bedroom, two additional bedrooms and a full bath. 3/4 basement with utilities, updated gas furnace, a separate hot water heater, and laundry. Added features include leased solar panels, a one-car garage, oversized driveway, vinyl siding, fenced backyard, bluestone front porch, CAC and IGS. Minutes to Pkwy, beach and parks. Don't miss out on this beautiful home!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017