35
Map
5 Lockwood Road
About This Property
It will be good to have extra flexible bonus spaces or perfect for guest rooms, home offices, or extended living.
The main level features an updated eat-in kitchen with new quartz countertops, new gas stove, and new dishwasher, along with 2 bedrooms and a renovated full bath.
Second floor has 3rd Bedroom, Plus another 3 Guests Rooms/ Offices Rooms and 2nd updated Full Bath.
The walk-out lower level offers versatile space ideal for a family room, gym, or your own private retreat. It also has a Laundry Room, plenty of storage and accesses to the garage and lovely fenced backyard with abundant lake views.
Enjoy outdoor living with a composite PVC decking staircase from porch leading to a fenced backyard, complemented by a classic brick walkway and scenic lake views. Relax in the bright three-season porch with direct backyard access - perfect for morning coffee or quiet evenings.
Oil heat & hot water, propane for cooking and dryer, private well & septic.
A true lake view gem offering a vacation lifestyle!
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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