5201 DORMAN ROAD
About This Property
Step inside to find a spacious and inviting layout with generous natural light, a well-appointed kitchen with granite countertops, wood cabinets and stainless steel appliances. With comfortable living areas perfect for family gatherings or quiet evenings. The primary suite offers a relaxing escape with an en-suite bathroom and ample closet space.
The detached second home sits toward the back of the property and offers 2 bedrooms and 1 bathroom, with tile and laminate flooring along with an indoor laundry room and a single car garage.
Outside, enjoy the freedom of wide open spaces with room to garden, entertain, or simply take in the peaceful surroundings. The property also features a detached two car garage with extra storage.
This property could have many uses as multi generation living or income property.
Whether you're looking for space to grow or a convenient escape with room to breathe, this property offers the best of both worlds. Don't miss the opportunity to make it yours!
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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