631 WELLER DR
About This Property
Adjacent to the kitchen, the family room is a cozy retreat with a fireplace flanked by built-in shelving and hardwood floors. It leads to the screened-in deck, providing a serene spot to enjoy your morning coffee or evening meals. The main level also includes a convenient mudroom, laundry room, garage access, and a powder room, ensuring everything you need is easily accessible. Upstairs, the primary bedroom is a sanctuary, complete with an en-suite full bath featuring a whirlpool tub, and a skylight that bathes the space in natural light. Three additional bedrooms and another full bath complete the upper level, providing ample room for family or guests. Both full baths are acrylic. The lower level offers even more versatility with a spacious recreation room, a billiard room, a rough-in for a full bath, and plenty of storage.
Outside, the estate boasts a lower deck, perfect for outdoor gatherings, and extensive landscaped grounds that create a private oasis. The attached 2-car garage features epoxy floors for a polished look, while the screened-in deck offers a relaxing escape to enjoy the outdoors in comfort. Recent updates include roof, leaf guard, humidifier, epoxy garage floor resealed driveway, and more!
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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