40
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605 Eder Road
About This Property
Inside, the finished basement expands the living space with a bright and functional layout, complete with windows, a media area, a dedicated exercise space, and a finished storage room-perfect for a variety of uses.
Recent updates enhance both style and peace of mind. The kitchen was remodeled in 2025 with painted oak cabinetry, granite countertops, a black walnut butcher block island, tile backsplash, wood flooring, and a Bosch dishwasher. A double-sided fireplace creates a warm, inviting connection between the living room and kitchen. Additional improvements include a new driveway (2013), new garage doors (2025), and a recently installed oil tank in the basement (2026) with removal of the prior underground tank. The primary bathroom has also been refreshed in 2026 with updated paint and upgraded vanity lighting.
A well-cared-for property offering a balance of updates, usable space, and inviting outdoor features.
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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