503 Laurel Drive
About This Property
This home offers a versatile flex/bonus room that can easily serve as a home office, playroom, or additional living space. You'll also find three nicely sized bedrooms and two fully updated bathrooms featuring elegant quartz countertops.
Enjoy outdoor living in the fenced backyard--perfect for pets, play, or relaxing evenings. A convenient storage shed provides plenty of space for lawn equipment, tools, or outdoor gear.
With thoughtful updates, functional living space, and classic curb appeal, this home is one you won't want to miss!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017