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516 MENTOR AVENUE
About This Property
The exterior boasts excellent curb appeal with durable siding, a newly replaced front roof, a stunning new front porch, and a rare 3-car driveway providing ample off-street parking for family and guests. Step inside to find a main level completely transformed by brand-new luxury vinyl flooring, creating a sleek, durable, and cohesive look across the bright, open floor plan. This level includes three comfortable bedrooms and a full bathroom, offering convenient, step-free daily living.
The true highlight of this property is the fully finished walkout basement. This lower level features direct, independent access to the backyard, two additional bedrooms, a second full bathroom, and dedicated laundry hookups. Whether you choose to use this space as a private guest suite, a rental opportunity, or an indoor-outdoor entertainment hub, this home offers ultimate flexibility and absolute peace of mind.
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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