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4585 Gregory Gerard Drive
About This Property
Downstairs is where this home really delivers on flexibility. The mostly finished walk-out lower level features a great family room with a fireplace, a full bath and a fun bar area ready for game nights, movie nights or entertaining. Need another bedroom? The bar area could potentially be reimagined to create a 4th bedroom, depending on your needs.
Out back, the homeowners have added fencing and a landscaping retaining wall that creates a more defined backyard with room to relax, play and entertain.
And then there's Meadowridge Hills. Lakes, a clubhouse, pool and tennis give you plenty of ways to enjoy the neighborhood, while Veterans Tribute Park is within walking distance. It's a neighborhood with amenities that make it easy to get outside, stay active and enjoy where you live.
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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