512 Millcreek LN
About This Property
Adjacent to the living room, you'll find a formal dining area or a versatile flex space, offering the ideal setting for a home office, playroom, or reading nook-whatever suits your lifestyle. The newly updated kitchen is a true highlight, featuring gorgeous granite countertops, new cabinetry, and a convenient coffee/tea counter, making it a delightful space to prepare meals and gather with family and friends.
The expansive primary suite is a peaceful retreat, complete with an updated bathroom that boasts a designer-tiled extended shower for a spa-like experience.
The home's backyard is equally impressive, with lush green grass, an extended patio perfect for outdoor entertaining, and a storage shed for added convenience. A sprinkler system ensures the lawn stays vibrant and well-maintained throughout the year.
Updates, including recent carpet and a recent roof, further enhance the home's appeal, making it move-in ready. This lovely home offers both comfort and style, blending classic charm with modern upgrades, all in a serene and established neighborhood.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 17, 2025 | Listed by Mallach and Company | $299,999 | |
| Listed by Mallach and Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017