601 JAMES RIDGE ROAD
About This Property
On the main level, sunlight floods the dramatic 2-story family room, while a cozy sun-room w/ fireplace invites year-round relaxation. Choose from many flex rooms to have your home office. Entertain effortlessly on the expansive rear deck and patio - ideal for gatherings in every season.
Major investments include: roof (2019), hot-water heater (2024), sewer ejector pump (2025), brand new carpet in upper level bedrooms and family room. House was freshly painted just last week.
Residents also enjoy resort-style amenities - including a clubhouse and pool - just moments from the front door.
Move-in-ready, thoughtfully upgraded, and rich with space to live, work, and play - this is the home retreat you've been waiting for!
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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