4223 MEDALLION DRIVE
About This Property
**Main Level: The sunshine coming into this home will win you over when you see the gorgeous natural light blanketing the eat-in kitchen, which overlooks a large deck and southern-facing backyard. The streaming light continues into the adjacent vaulted family room, which has oversized windows, a cozy fireplace, and a second staircase for easy access to the upstairs bedroom level. The main level also includes a private office, formal dining room, formal living room, and a convenient half bath.
**Upstairs, four bedrooms include a luxurious primary suite with two walk-in closets, a private sitting area perfect for meditation or reading, and a spa-like bathroom with dual vanities, a soaking tub, separate shower, and private toilet room. Three more bedrooms and a full bath round out this level.
**The walk-out basement is truly special-a complete guest suite with a living area, kitchenette, a full private bathroom, and a bonus room used as a guest bedroom. Perfect for extended family, visitors, or multi-generational living.
**Step outside to your private oasis: a spacious deck, with a one-year-old automated awning, overlooks parkland, mature trees, and a small pond. The southern exposure bathes the outdoor space in beautiful sunlight all day long.
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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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About Fairland
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$2,300 /mo
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- 1 Bath
- 972 ft²
$6,100 /mo
- 5 Beds
- 5 Baths
- 6,179 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017