7007 CLIFTON ROAD
About This Property
Imagine starting your day hearing the birds singing while you enjoy a cup of coffee on your rear flagstone patio, looking out over your fully fenced back yard. Better yet, take a stroll on over a mile of wood-chipped walking trails, enjoying the sounds of nature in your private refuge.
The sellers thought of everything here so you can move right in! The whole home Generac generator will keep you prepared for any storm. The sellers have meticulously completed over $200K of improvements since taking ownership of the home in 2020, including 17 new Andersen casement windows, a new roof (2023), newly sealed driveway (2024) and more (see MLS documents for a full list of updates/improvements).
The location can't be beat - convenient to major commuter routes, but private and secluded as well. You will also love the community vibe in Historic Clifton - Farmer's Market, adorable shops and restaurants and you can't miss Peterson's Ice Cream Depot!
Virtual tour, floor plan and drone videos coming soon. Property also has a VA assumable loan at sub 3% rate - call for details.
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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