5605 FOREST PL
About This Property
The family room can accommodate many warm and welcoming gatherings, with a stone wall and fireplace for chatting and drinks with friends or family. The kitchen is upgraded with dark granite counter tops and warm oak cabinetry, as well as a pantry. The connected living room and kitchen space leads to a second floor deck, where you can enjoy quiet morning coffee. Upstairs, there are 4 spacious bedrooms with a laundry room, corner balcony and a sitting area beside the window. The primary bedroom has tray ceilings and leads to a bathroom with a jacuzzi tub, an upgraded tile shower area, and a large walk-in closet. Two other bedrooms are connected by a jack and jill bathroom. Finally, the last bedroom is a large ensuite containing lots of natural sunlight and access to the corner balcony.
The basement is finished with modern wood flooring, a brick fireplace, a walkout to the patio, and adequate space for a home gym or entertainment space. A office space provides a convenient and serene space for working at home as well. Its location is close to 495 and 270, shopping plazas and trails. New washer.
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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