50
Map
48 Duke Drive
About This Property
Set in a quiet neighborhood on one of the best lots in the development, the back of the home faces a lightly wooded area and even offers peek-through views of Centennial Golf Course. In the warmer months, the mature landscaping creates a private backyard oasis-perfect for entertaining or winding down on the Trex deck or stone patio below.
Inside, you've got custom woodwork and built-ins throughout, cathedral ceilings, multiple walk-in closets, a dedicated home office or library, and a proper laundry room. The primary bath and hall bath have both been fully renovated, and the layout flows exactly how you want it to.
The basement's a blank canvas-high ceilings with a sliding glass door and egress windows, it's ready to be finished and adds serious potential. Add in the 2-car garage, and an unbeatable location that gives you privacy and a neighborhood setting, and you're looking at a home that doesn't come around often.
If you're waiting for a home that checks every box-this is it.
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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