693 Leo Road
About This Property
The updated kitchen opens nicely to the main living areas, while both the full and half bathrooms have been thoughtfully refreshed. The entire home has just been professionally painted, creating a bright and welcoming feel throughout. The finished basement adds valuable living space, featuring new flooring in the family room - perfect for relaxing, entertaining, or creating a home office or playroom.
Step outside and enjoy your own backyard retreat. The inviting deck is ideal for gatherings or quiet mornings, and the hot tub offers a perfect place to unwind year-round. The beautiful yard also includes a shed and an underground pet fence with collar, making it as practical as it is enjoyable.
A brand-new whole-home automatic generator provides peace of mind in any season, adding significant value and convenience. With generous living space, modern updates, and an unbeatable location near shopping, dining, schools, and more, this home is a fantastic opportunity you won't want to miss.
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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