4329 PENN AVE
About This Property
Discover the charm of this beautifully maintained brick-front rancher now available for sale in the Sharondale community of Nottingham. Nestled on a generous 1/3 acre lot adorned with various fruit trees, this 3-bedroom 1.5-bath home offers both comfort and style. Step inside to discover gleaming hardwood floors that flow throughout most of the home, enhancing its warmth and character. The beautifully updated kitchen is both stylish and functional. The large, four-season Florida/family room provides a versatile space for relaxation or gatherings, while the generous living room is highlighted by a bay window and a cozy wood-burning fireplace, perfect for chilly evenings. The full bathroom has been recently refreshed with a newly re-glazed tub, and the convenient half bath (toilet only) in the mostly unfinished basement offers potential for expansion into a full bath. Freshly painted throughout, this home also features the optional convenience of an additional washer/dryer hookup in the third bedroom, a whole house surge protector for added peace of mind, and ample room for storage or customization in the basement. Outside, the beautifully landscaped yard includes grape vines, fig, peach, persimmon and apple trees, creating a serene and inviting outdoor space. This delightful property combines classic charm with modern amenities, making it an ideal place to call 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017