49 River Ridge TRAIL
About This Property
round due to the gas heat!! The gas tank on the side of the home runs the pool/Jacuzzi heat, the built-in summer kitchen grill on the deck and the fireplace. Solar hot water heat to keep those utility bills down too! Two newer HVAC (2021 and seller believes 2018). 30-year architectural shingled roof brand new in 2011 and professionally soft washed and maintained. Laundry room hallway spans along the entire side of the home behind the kitchen offering additional prep area and a second vintage microwave (think the Jetsons) and leads directly into the 2 car garage in one direction, and a convenient half bath at the other! Separate from the main living areas are the first level bedrooms and bathrooms; the spacious primary bedroom has two walk in closets, direct access to the pool deck, and an en-suite bath with built in smart technology. Every shower option imaginable is available at the touch of a button and towel warmers are built into the wall. You'll really feel like you're living in the future! Two additional bedrooms with massive closets and an updated full bath live along the same hallway. One of those bedrooms has been fit with custom office cabinetry for a perfect home office or guest suite. Upstairs you'll find two more huge bedrooms and another full bathroom with a soaker tub. You'll find even more storage closets here and door access to the attic no ladder needed! Out back, you have your own personal oasis! The side of the home houses a storage shed ideal for storing all your outdoor lawn and pool care supplies to afford ample garage parking! Fenced yard, professional landscaping, professional cleaning, and even an arborist on retainer for decades to maintain the family loved tree in the front entrance way! Don't miss this beauty! Priced well below market so snag this one while you can! All information and measurements obtained from the tax roll and seller and while deemed reliable can not be guaranteed.
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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