45 PRINCE MICHAEL LANE
About This Property
Step inside to a warm and inviting foyer that leads to a bright, airy living room-perfect for relaxing or entertaining. Adjacent, the upgraded kitchen boasts elegant cabinetry and a cozy breakfast nook, making it the heart of the home.
The primary suite is a private retreat, complete with an ensuite bathroom featuring dual vanities, a walk-in shower, and two spacious walk-in closets. Three additional well-sized bedrooms offer flexibility for family, guests, or a home office, complemented by two additional full baths.
Step outside to your beautifully landscaped, fully fenced backyard-an outdoor oasis designed for enjoyment. A screened and covered patio provides the perfect setting for grilling and entertaining, while landscape lighting enhances both the front and back yards.
Additional highlights include luxury vinyl plank flooring, ceiling fans, an interior laundry room, and ample storage space. The 3-car garage features screens, and the home benefits from an irrigation system on well water. Recent updates include a new water heater (2021) and a water softener (2022).
Don't miss the chance to make this stunning home yours!
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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