39
Map
5457 W 115th Dr
About This Property
The kitchen is the undeniable showstopper, featuring new cabinet fronts, floating shelves, a custom backsplash, new appliances, a new sink, and updated pendant and recessed lighting that make the entire space feel pulled from the pages of a design magazine. A custom built-in dining bench completes the room, with cleverly concealed dog-bowl storage because someone here clearly had their priorities straight.
The thoughtful updates continue throughout the home with fresh paint, new doors and trim, new ceiling fans, removed popcorn ceilings, and dimmers added to every recessed light. The fireplace also received a complete refresh with a beautifully redesigned surround and mantel. Vaulted ceilings and hardwood flooring make the living room feel warm, open, and inviting.
Upstairs, the spacious primary suite offers generous closet space and an updated full bathroom. A nearby loft provides the perfect spot for a home office, playroom, or creative space. On the lower level, two generously sized bedrooms share an updated 3/4 bathroom with a frameless glass shower.
The basement adds even more flexibility with a home theater that could also serve as a non-conforming bedroom, along with a laundry area and abundant storage.
Outside, the fully fenced backyard offers privacy, mature trees for shade, professionally installed artificial turf, and a patio with a gas line. The front yard is equipped with a sprinkler system, and the roof was replaced in 2022.
Additional features include smart lighting, low-voltage Ethernet wiring, reverse-osmosis water filtration at kitchen sink and refrigerator, and a radon mitigation system.
*The seller's VA loan may be assumable at a 3.625% interest rate. Buyer qualification and lender approval are required.
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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