627 Hickory Road
About This Property
With four guest suites containing custom closets and five full bathrooms, this home caters to both comfort and luxury. The primary suite, nestled in its own wing, provides a welcome retreat within the home.
Wine connoisseurs will appreciate the climate-controlled wine wall, capable of housing over 100 bottles, and the butler's pantry equipped with Sub-Zero wine storage. The dedicated theatre room sets the stage for private cinematic screenings.
Step into the outdoor oasis, where casually elegant gatherings will thrive. An outdoor fireplace and ample living space will provide the setting for intimate dinners around the grill and bar or more extensive soirees. Overlooking a splendid pool and spa with a linear fire feature and expansive landscaping, the property features a newly constructed multi-function guest house designed to accommodate your needs.
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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