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5809 PARK ROAD
About This Property
The updated kitchen features modern finishes and stainless steel appliances, seamlessly connecting to a cozy family room with a fireplace. On the opposite side of the kitchen, a versatile step-down living space provides the perfect setting for a home office, media room, or casual hangout.
The main level includes three well-appointed bedrooms and a full bathroom. The lower level offers excellent potential as a separate apartment, complete with its own private entrance-ideal for extended living or rental income.
Step outside to an expansive backyard ready for your vision, along with a covered deck that makes outdoor enjoyment possible year-round with easy access to the home. A generously sized driveway provides ample parking for multiple vehicles.
Don't miss this opportunity-homes like this move quickly
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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