522 ELMWOOD ROAD
About This Property
Step inside to an inviting, open-concept living space with tons of natural light and a modernized kitchen, ideal for everyday life and entertaining.
The finished basement offers an extension of your home's living area-perfect for a home theater or rec room. This versatile space features a built-in projector setup – ready for your next Ravens watch party or movie night.
Outside, enjoy peaceful mornings on the large covered front porch or summer gatherings on the back deck overlooking a fully fenced-in backyard.
Car lovers, creatives, and DIYers will fall in love with the detached garage, which is fully outfitted as both a vehicle workshop and woodshop. It has full electrical service, including 240v circuits. The vehicle lift can remain or be removed by the sellers.
The home was fully renovated in 2017, including the installation of a brand-new HVAC system, and the roof was replaced in 2018. If you're looking for a move-in-ready home in a welcoming neighborhood -522 Elmwood Rd is the perfect match.
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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