4903 CEDAR AVENUE
About This Property
Bedrooms & Bath: Two extra-spacious upper-level bedrooms paired with another nicely updated full bath featuring customized tile work and a classic tub/shower. EXTERIOR AND GROUNDS Step out to your backyard oasis, a freshly stained rear deck overlooking a private, partially fenced yard that backs to peaceful woods. Classic front yard appeal, a welcoming front porch, and a large driveway with room for multiple vehicles. BASEMENT AND BONUS DETAILS A Full Basement with shelving for storage, a dedicated laundry space, and a recently updated HVAC system. MOVE IN READY EXTRAS Upgraded architectural shingle roof, updated windows throughout, HVAC and Hot Water Heater around 3 years old. Very easy access to multiple commuter lines. Seller to redeem ground rent prior to settlement for a clean, easy closing.
Come on by and see what makes this one so special-schedule your tour today!
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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%.
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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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About Arbutus
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017