58 Nance Road
About This Property
The second level is home to three spacious bedrooms, including a luxurious master suite equipped with a private bath and a built-in closet system. The ground level offers a versatile family room with sliding doors that lead to the outdoor space, a convenient powder room, a large laundry and storage room, and an inviting foyer.
Outside, you'll discover a magnificent oversized patio complete with a built-in fire pit and comfortable seating, perfect for outdoor gatherings. The property also features a sprinkler system, ensuring lush, green landscaping year-round. Additionally, the solar panels make the bill extremely low, offering significant savings.
This home's prime location provides close proximity to schools, NYC commute options, and houses of worship, making it an ideal choice for those seeking both comfort and convenience.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 4, 2024 | Sold | ||
| Sold | |||
| Aug 13, 2024 | In contract | - | |
| In contract | |||
| Jul 15, 2024 | Listed by EXP Realty | $699,900 | |
| Listed by EXP Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017