517 Belmont Circle
About This Property
Welcome to 517 Belmont-a beautifully maintained, custom-built ranch offering refined main-level living and a peaceful, private setting. From the moment you enter, you'll notice the quality craftsmanship, crown molding, and spacious, light-filled layout. The open-concept living and dining areas flow seamlessly into the heart of the home: a gourmet kitchen featuring granite countertops, gas cooktop, breakfast bar, and a walk-in pantry-perfect for everyday living and entertaining.
Just off the main living space, a private study with French doors offers the ideal spot for a home office, reading nook, or flex space. Large windows throughout the home bring in natural light and frame tranquil views of the wooded backyard.
The expansive primary suite is tucked away for privacy and includes a tray ceiling, cozy gas fireplace, sitting area, and a huge walk-in closet. The luxurious primary bath features dual vanities, a soaking tub, walk-in shower, and private water closet. Two additional bedrooms share a well-appointed Jack and Jill bath-ideal for family or guests.
Outside, enjoy your own fenced backyard oasis with a wooded buffer that provides a peaceful, natural retreat. With timeless finishes, thoughtful design, and easy one-level living, this home checks every box.
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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