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5127 PINE STREET
About This Property
Need room for everyone? This versatile and thoughtfully reconfigured property offers an exceptional opportunity for multi-generational living, extended family arrangements, or flexible lifestyle needs. With 2,197 square feet of heated and cooled living space, the home has been divided into three distinct living areas, each with its own private entrance for added convenience and privacy. The main residence features 3 bedrooms, 2 full bathrooms, a spacious living room, a functional kitchen, and an inside utility room. The attached mother-in-law suite includes 2 bedrooms, 1 bathroom, and an open-concept kitchen, dining, and living area, creating a comfortable and independent living space. A separate studio-style living area offers even more flexibility, complete with a large combined kitchen, dining, and living space, plus a full bathroom. Tile and vinyl flooring throughout provide durability and easy maintenance. Outside, you'll find a nicely sized fenced backyard with mature landscaping, plenty of room to enjoy the outdoors, and a storage shed for additional space. Conveniently located just off Clay Pit Road near SR 579, this property offers quick access to schools, shopping, dining, and I-75, making daily commutes and errands a breeze. Whether you're looking to accommodate multiple generations under one roof, create separate living quarters for family members, or simply enjoy the flexibility of multiple living spaces, this unique property offers endless possibilities.
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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