5978 Rustic Ridge Circle
About This Property
The kitchen offers rich cabinetry, a separate pantry, ample counter space, and a breakfast bar, opening to a spacious living room with tray ceiling and new ceiling fan. French doors lead to a generous covered back porch with a new outdoor ceiling fan-perfect for relaxing in the fenced backyard. The primary suite easily fits a kingsized bed and offers its own trey ceiling, a spalike bath with double vanities, garden tub and separate shower, and a large walkin closet. Two additional bedrooms share a full bath and sit on the opposite wing of the home.
Additional highlights include 9-foot ceilings, ceramic tile in wet areas, fresh paint throughout, an indoor laundry room, and a finished 2-car garage with epoxy-coated floors and automatic opener. A licensed arborist has professionally landscaped the propertytrimming and shaping the front bushes so they're attractive and easy to maintain with freshly laid mulch.
This move-in-ready home offers comfort, functionality, and curb appealall in a convenient location near everyday amenities and local destinations.
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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