5495 EMERALD DRIVE
About This Property
Step inside to a spacious open floor plan that immediately impresses. The formal dining and living area features plank-tile flooring, a ceiling fan, and a bright, inviting atmosphere with views of both the kitchen and backyard. This generous 15' x 24' space is perfect for everyday living and entertaining.
The split floor plan places the primary suite on the north side of the home, offering direct access to the screened back porch. The en-suite bathroom includes a garden tub, walk-in shower, dual sinks, and a large walk-in closet.
Two additional bedrooms-each with carpet and ceiling fans-are located on the south side of the home, separated by a full guest bathroom.
Outside, the fully fenced 0.60-acre lot offers room to roam, play, and store your toys. You'll find a storage shed equipped with electric and AC and a relaxing screened porch perfect for morning coffee or sunset unwinding.
This home combines space, updates, and versatility-an incredible opportunity you won't want to miss.
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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 Ridge Manor
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$2,000 /mo
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$1,850 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017