60 CINNAMON WAY
About This Property
Welcome to a harmonious blend of elegance and functionality in this exquisite 4-bedroom, 2.5-bathroom residence. Step into the open-concept living room adorned with high ceilings, a fireplace, and charming board and batten walls, creating a welcoming atmosphere for gatherings. The kitchen is a stylish culinary haven, featuring bar seating, a gas stove and tile backsplash.
Adjacent, discover a dining area for hosting memorable meals and the versatile den and office spaces for productive work or relaxation. Retreat to the primary suite, offering a walk-in closet and a luxurious ensuite bath complete with a stall shower and soaking tub. Downstairs, the finished basement beckons with an entertainment area, wet bar, and a designated workout space, catering to leisure and fitness pursuits alike. Outside, the tree-lined fenced backyard provides a serene escape, complete with a deck, stamped concrete patio with a fire pit, hot tub, and storage shed for outdoor enjoyment and organization. Conveniently located behind the home are community amenities including a pool, basketball/tennis courts, playground, and volleyball court, enhancing the lifestyle possibilities. Experience the epitome of comfort, style, and community living in this thoughtfully designed 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017