6964 CONSERVATION DRIVE
About This Property
The main level offers three bedrooms and two full baths, including a beautifully renovated hall bath. The primary suite features an en-suite bath and a walk-in closet. The expansive walkout lower level is ideal for entertaining, highlighted by a dramatic full brick wall fireplace in the rec room, an updated full bath, a generous fourth bedroom with double windows and three closets, plus a large utility and storage room.
Recent updates include a new A/C (2022), water heater (2015), new furnace (2017), new Andersen Renewal windows (2020) with transferable warranty, new Trex deck boards (2020), new basement sliding glass doors (2017) and oversized gutters with gutter guards. All this in an unbeatable location with easy access to community pools, including Cottontail Pool, and just minutes to major commuting routes, South Run Rec Center, Burke Lake Park, and a variety of shopping and dining options.
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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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About Burke
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017