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607 MCKEAN ROAD
About This Property
This home sits on a private 1-acre lot and boasts an open, sun-filled floor plan. The spacious living room features hardwood floors and a striking floor-to-ceiling stone fireplace. The family room/den offers rich wood paneling, beamed and vaulted ceilings, skylights, and a rustic wood-burning stove featured on a raised stone platform with beautiful stonework rising behind it. The gourmet kitchen has been beautifully updated with white quartz countertops, a large center island, Italian porcelain tile and radiant flooring, stainless steel appliances, vaulted ceilings, and multiple skylights that fill the space with light.
Comfortable bedrooms include a primary suite with a luxurious updated bath featuring marble throughout and radiant flooring, plus additional well-finished rooms with hardwood floors. The hallway bath offers a marble tub shower, quartz vanity top, and radiant flooring.
Outside, the expansive 1-acre grounds include a large composite deck perfect for dining and entertaining, mature trees, lush lawn, and raised garden beds. Additional highlights include a detached shed and attached garage. This move-in ready ranch combines single-level convenience, recent updates, and private outdoor tranquility on a full acre. Book your showing now before this must-see home goes under contract!
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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