5483 RECTOR DRIVE
About This Property
Well cared for home in the desireable Ridgedale community with the advantage that come with no homeowners association (HOA). A one-car garage complemented by a wide driveway designed to accommodate trailer parking or additional vehicles. Furthermore, there is potential for expanding the garage to allow for a second garage space.
Inside, the living room and dining room showcase hardwood floors, contributing to the overall charm of the residence. Numerous updates enhance the property's appeal, including a renovated upper-level bath in 2018, a modernized kitchen in 2016, and the installation of new windows along with a repaved driveway in 2017. HVAC system is approximately 2 years old.
The lower level provides a walk-out feature, and has a bar area plus a corner free-standing gas fireplace, creating a cozy ambiance.
Additionally from one of the upper level bedrooms there is easy walk-in access to the attic space above the garage which beautifully adds to the practicality of the home.
Experience the comfort and convenience of this thoughtfully upgraded property, where every detail has been carefully considered to create an inviting and stylish living environment at an affordable price.
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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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About Ridgedale
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017