57 Tate Lane
About This Property
Inside, you'll find a spacious and flexible floor plan featuring 4 bedrooms and 3.5 baths with room for everyone to spread out. The upper-level features 2 bedrooms, 2 full baths, a dining room, spacious living room, functional kitchen, cozy sitting area, and a bright sunroom filled with natural light. The finished basement offers 2 additional bedrooms, another flex room, a den, and a second sunroom-ideal for guests, multigenerational living, hobbies, or home office space. A bonus room on the main level includes its own mini-split system for efficient heating and cooling.
Surrounded by mature trees and natural beauty, this home is full of character and opportunity for the buyer ready to make it their own. Exterior siding does need attention, and the home is priced accordingly. An estimate from a contractor for the siding repair is available for serious inquiries, offering added transparency and helping buyers envision the incredible potential of this private mountain-area retreat.
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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