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47 Cobblestone Drive
About This Property
Enjoy multiple living and entertaining spaces, including a large front lounging porch and a fully fenced backyard showcasing a 20x40ft inground vinyl pool extensive stone patio and complete with a separate safety fence. The oversized driveway provides ample parking for guests, while the expansive grounds offer privacy and room to roam.
Inside, gas heat and central air ensure year round comfort. A full finished walk-out basement adds valuable living space and convenience. The property also includes a separate in law suite, perfect for extended family or multi generational living with proper permits.
This exceptional home offers an incredible opportunity to live in one of the area's most desirable communities.
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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