5514 BOOTJACK DR
About This Property
The main level features refinished hardwood floors and a renovated eat-in kitchen equipped with a gas range and hood, granite countertops, a pantry, and a breakfast bar. The casual dining area offers direct access to the deck, perfect for outdoor dining and entertaining. The sitting room is distinguished by an accent wall, adding a touch of elegance. The family room features soaring vaulted ceilings, skylights, a brick profile fireplace, and a wall of windows offering unparalleled views.
The primary bedroom is a serene retreat with a renovated en-suite full bath, a private balcony, and a walk-in closet. A sunroom with views and entrances on three sides, a powder room, and a laundry room complete the main level.
The upper level boasts two additional bedrooms, a full bath, and an overlook to the family room, creating a spacious and open feel.
The lower level offers a versatile space that could be used as an Air B&B or a potential in-law suite with its separate entrance. This level includes a recreation room with an electric fireplace, built-in shelving, access to the lower deck, a spacious bedroom with deck access, a full bath with heated floors, a bonus room with a newly installed pet door, access to the deck and fenced side yard, and a storage area.
Exterior features of this property include a sprawling 1.65-acre lot, an attached oversized 2-car garage with epoxy floors, a covered front porch, an upper deck with a retractable awning, a lower deck, a fenced side yard, wood shed, water retention system, an open meadow with a fire pit, and an extended driveway for optimal convenience. The location is just minutes from shopping and Interstate 15, offering both tranquility and accessibility. And, of course, the views are simply spectacular!
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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