510 HILLCREST DRIVE
About This Property
The primary suite includes an extended closet with a custom closet system, while bedrooms two and three are both generously sized. The freshly remodeled hall bathroom showcases new tile, fixtures and a modern vanity.
Step outside to a showstopping backyard featuring a BRAND NEW SALTWATER POOL surrounded an expansive paver pool deck , a covered patio, and low-maintenance turf-perfect for relaxing or entertaining year-round. Major improvements include new impact windows (2025), an upgraded 200-amp electrical service (2025), a new water heater (2025), and a 2018 roof, offering added peace of mind. With no HOA, you can bring your boat or RV! Located in a quiet neighborhood with no rental restrictions, this home is an excellent option for first-time buyers, snowbirds, or investors. Don't miss this incredible opportunity!
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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