44 Colony Lane
About This Property
The backyard offers a private outdoor retreat featuring an in-ground pool with a new liner for the 2025 season, paver hardscaping, and a well-maintained vegetable garden. The expanded primary suite includes a full en-suite bath, dual closets, and a dedicated reading nook. Additional highlights include an exterior generator hookup for added convenience.
Ideally located near South Grove Elementary, the property offers convenient access to nearby playgrounds, baseball fields, and basketball courts, along with the everyday amenities of the surrounding area.
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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