460 Douglas Falls Drive
About This Property
Offered at $385,000, it represents outstanding value among significantly higher-priced neighbors. The home features three bedrooms and 2.5 baths, with a beautiful kitchen showcasing a massive quartz island, stainless steel appliances, and upgraded cabinetry with soft-close drawers and crown molding. Luxury vinyl plank flooring spans the first floor, anchored by a solid wood staircase leading upstairs.
A private rear courtyard and detached garage enhance outdoor living, while a tankless water heater and ethernet wiring in every room support modern, work-from-home ease. Location, livability, and rare features-this one truly delivers.
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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