428 GRASMERE DR
About This Property
The kitchen's eat-in area connects to the cozy family room, which is enhanced by a new wood pellet stove and offers access to the back deck. The deck, complete with a retractable awning, overlooks the in-ground swimming pool and a fully fenced backyard-perfect for outdoor entertaining.
The main level also includes a bright front living room, a renovated powder room, and a spacious dining room with beautiful chair railing detail. Upstairs, you'll find four generously sized bedrooms and two full bathrooms. The primary suite offers a large walk-in closet and an en-suite bathroom featuring double sinks, a soaking tub, and a separate stall shower. The other three bedrooms share a newly renovated hall bathroom, complete with a walk-in shower.
The fully heated and insulated basement provides ample space for storage or the potential to create additional living space in the future. The laundry area is also located here, as well as walk-out access to the backyard.
Other notable features include tilt-in vinyl windows (2014), a widened driveway, and newly installed smoke and carbon monoxide detectors. Additionally, this home is located in a desirable neighborhood with no HOA fees.
This home has it all and won't last long-schedule your showing 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