503 VALLEY RUN DRIVE
About This Property
The expansive, sun-drenched living room opens effortlessly into the dining room, creating an inviting setting for gatherings large and small. The updated kitchen features a sink overlooking the covered patio and backyard, ideal for enjoying indoor-outdoor living. Just off the family room, a dedicated breakfast nook provides a cozy spot to start your day, highlighted by a charming wood-burning fireplace. The finished basement adds valuable additional living space, perfect for a home office, playroom, gym, or entertainment area-ensuring there is truly no shortage of room in this home. Upstairs, the spacious primary suite offers a custom ensuite bath with distinctive tilework, a stall shower, and an oversized vanity. Three additional generously sized bedrooms are complemented by a beautifully updated hall bath featuring a custom vanity, ample storage, and a tub-shower combination. Move-in ready and ideally located near shopping, dining, and major commuter routes, this exceptional Ellisburg home is a rare opportunity and will not last long.
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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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About Ellisburg
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017