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5161 E Fair Dr
About This Property
Upon entering, the floating stairs immediately draw your eye through the home to the backyard. The main floor offers an easy, functional layout with a family room, living room, half bath, kitchen, kitchen nook, and laundry-all thoughtfully positioned with backyard-facing windows that create a connection to the outdoors from nearly every space.
Upstairs offers four bedrooms and two baths, along with a loft-style landing that overlooks the main level, enhancing the home's open feel and vaulted ceilings. The recently finished basement adds flexibility with a bedroom and 3/4 bath-ideal for guests, extended stays, or a home office.
Thoughtful updates throughout include a new 200-amp electrical panel, updated outlets and switches, designer lighting, new carpet, fresh exterior paint, and a newer hot water heater with pressure regulator valve and expansion tank. A gas fireplace and exterior gas line add comfort and convenience for both everyday living and entertaining.
Whether you're hosting two people or thirty, it's a perfect space to gather, play, and connect-and the kind of home that just feels good to come home to.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017