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55 Del Rey Drive
About This Property
Set on a level .39-acre corner lot, the property features a spacious layout with hardwood floors and a large two-car garage. The main floor boasts a sun-drenched living room with fireplace, picture frame molding and sliders leading to a sun room, which steps out to a private brick patio-perfect for relaxing or entertaining. The cozy eat-in kitchen with granite counters and a pantry includes an adjoining office, ideal for working from home. A luxurious first-floor primary bedroom features an ensuite tiled bath with a walk-in shower and a generous walk-in closet. Upstairs, you'll find three ample bedrooms and a hall bath with a double vanity, plus a convenient walk-in closet in the hallway. The lower level offers a laundry room with washer/dryer hook-up, walk-out access, and substantial storage.
This is more than just a house; it's an opportunity for a comfortable, simplified life at an incredible price. Come and experience this amazing value firsthand-schedule your showing today!
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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