6921 UNIVERSITY DRIVE
About This Property
The finished lower level extends the home's versatility with a spacious recreation area, 4th bedroom, full bath, and flexible living space ideal for guests, a home office, fitness area, or multi-generational living. Renovated baths and tasteful updates throughout create a move-in ready residence with a fresh, polished aesthetic.
Outdoors, the setting is equally compelling. Enjoy the maintenance-free 25' x 16' deck and the privacy-fenced rear yard designed for enjoyment and gathering, complete with a fire pit and ample green space for recreation or relaxation. A detached 2-car garage adds convenience, while major updates including the architectural roof and HVAC, both replaced in 2023, offer lasting value and peace of mind. Pool does not convey.
Located in a desirable water-oriented community with optional water privileges available through the community center for just $60 per year, this exceptional property offers a rare combination of style, space, and lifestyle in sought after Harewood Park, one of Middle River's most appealing neighborhood settings.
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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