7 Mars Road
About This Property
The home includes a spacious living room, an eat-in kitchen, a bright four-seasons room, and a formal dining room. The master bedroom boasts its own private bathroom, while two additional bedrooms provide ample space for family or guests.
The property also features a large two-car garage and a fully finished basement with a private entrance, offering potential for additional living space or an in-law suite. Outside, enjoy the semi in-ground pool, perfect for summer gatherings.
Energy efficiency is a highlight, with leased solar panels keeping electric bills low.
This home is a must-see for those seeking a serene location with plenty of amenities.
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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