431 MICHIGAN AVENUE
About This Property
Situated on a desirable corner lot, this property offers added privacy and room to spread out, featuring a garden area perfect for relaxing or cultivating your own outdoor retreat. In addition to the main home, you'll find a detached garage/workshop, ideal for hobbies, storage, or projects.
Need space for your toys? This home delivers with an extra concrete pad, perfect for parking an RV, boat, or multiple vehicles-something that's hard to find and highly sought after.
Inside, the home offers a flexible layout, including a permitted garage conversion that adds valuable living space, perfect for a home office, guest area, or in-law suite setup (no kitchen).
Enjoy peace of mind with major recent updates, including attic insulation (2026) a new water heater (2025), AC system (2023), and updated kitchen appliances (2022) featuring a dishwasher, refrigerator, and cooktop, making this home truly move-in ready.
With its combination of modern updates, versatile living space, ample parking, and a prime corner lot location near Lake Tohopekaliga, this home offers both lifestyle and long-term value.
Don't miss your opportunity to own a property that checks all the boxes-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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017