475 Wedgewood Drive
About This Property
The main-level primary suite features a spa-like bath with a jetted tub, separate shower, and a generously sized walk-in closet. The expansive great room impresses with gleaming hardwood floors, custom stonework, built-in bookcases, and a grand fireplace and mantle. A separate office on the main level provides the perfect work-from-home retreat. Enjoy year-round outdoor living in the beautifully screened porch with vaulted beamed ceilings. The terrace level offers exceptional guest accommodations with oversized bedrooms, a full bath, a wet bar, and a large family room-ideal for entertaining or relaxing. Ample storage is available with three separate storage areas. Additional updates include a new roof (December 2023), Radon mitigation system (April 2023), and a whole-home generator (installed less than a year ago), new hot water heater (December 2021). This immaculate home is truly move-in ready and designed for comfort, style, and peace of mind. Buyer to verify all information and dimensions deemed important.
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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