5820 HERON DRIVE
About This Property
Upstairs, the open-concept main living area is designed for both everyday living and entertaining. The combination living room, dining area, and kitchen showcase wood flooring, wainscoting, crown molding, recessed lighting, and stylish pendant fixtures. The bright living room features a large bay window, while the dining area offers direct access to the outdoor living space. The updated kitchen is equipped with white cabinetry, stainless steel appliances, granite countertops, and a center island with seating.
Just off the kitchen, a spacious family room provides additional gathering space with continued wood flooring, recessed lighting, decorative wainscoting, and a second access point to the backyard.
The upper level hosts three additional bedrooms, each featuring wood flooring, recessed lighting, and ceiling fans, along with an updated full hall bath with a tub/shower combination.
Enjoy outdoor living on the large deck overlooking the fully fenced backyard. Additional highlights include a private driveway and convenient location close to shopping, dining, commuter routes, and everyday amenities. Welcome home!
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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