5448 HEREDITY LN
About This Property
This home boasts of 5 nicely sized bedrooms with ceiling fans on the second floor, including a primary bed/bath suite with walk in closet, and another full bathroom down the hall. The main living floor includes an open floor plan with floor to ceiling windows and well-maintained gas fireplace in the living room, upgraded kitchen appliances (2018), newly finished hardwoods throughout (2023), extended laundry room (2019), and freshly painted walls and ceilings (2023). Relax at one of the many serene outdoor areas, including an open deck (Trex, 2020) off the kitchen, through the French doors off the formal dining room to the oversized screened in porch (Trex, 2020), poolside by the 30k gallon/8.5' deep Pebble Tek pool, or in the hot tub (2021) located under the fully water-proofed basement-level patio, doubling the outdoor living space. Privacy trees added consistently throughout property, including redbuds lining the two-car driveway/garage, magnolias by each gate, and arborvitae along fence lines. Fully finished walk-out basement includes new carpeting on stairs (2024), luxury vinyl flooring, full bath with new toilet and shower, built-ins with wine refrigerator, microwave, and additional mini-fridge, and updated sliding glass door (2018), plus two unfinished storage spaces. Backyard includes a storage shed under the deck and backs to green space; front yard faces a shared community space with tot lot and basketball court. Recent updates include roof (2016), black stainless steel kitchen appliances (2017), two new HVAC inside and out (2020). Don't miss this one!!!
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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