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42 Walter Drive
About This Property
The lower level expands your living space with a large family room, fourth bedroom, full bath with walk-in shower, private laundry room, and access to the attached two-car garage. Outside, enjoy a peaceful backyard retreat with tiered decks, privacy fencing, perfect for relaxing or hosting get-togethers, along with a shed with loft for extra storage.
Additional highlights include central air, four heating zones, hardwood floors, recessed lighting, ample closet space, and many updates including a new stainless steel stove, washer and dryer, fresh interior and exterior paint, young roof and a new garage door lift system. Conveniently located near the NYC ferry and train for an easy 30-minute commute, close to Bear Mountain, Harriman State Park, and the Seven Lakes ideal for outdoor enthusiasts. This move-in ready home offers comfort, space, and a prime location. Schedule your personal visit today!
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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