703 Vrain St
About This Property
Live your farmhouse dreams in this updated 1908 home on an oversized 8,500 square foot lot. This 3-bedroom gem combines classic elegance and modern convenience, with access to downtown via 6th Ave. The first floor interior boasts refinished fir hardwood floors and double pane vinyl windows. A kitchen with custom cabinet colors, quartz countertops and new appliances is functional and chic. The primary bedroom is spacious, and thoughtful renovations preserve charm while adding comfort. You'll find a total of 2 bedrooms on the main floor, while the third bedroom lives in the separate finished basement.
The property offers outdoor delights in abundance, starting with a side yard featuring a covered patio and privacy fence. Enjoy alfresco dining or leisurely afternoons in your own secluded paradise. The two off-street parking spots add to the convenience, making daily life a breeze.
In the front, a huge yard is delineated by a brand new 4-foot cedar fence. Whether you're considering homesteading, gardening, or adding a garage or ADU, the space accommodates all your dreams and plans.
For those interested in house hacking (Airbnb), roommates or living with family the lock-off basement of the home is a goldmine of opportunity. With its own separate entrance you'll enter to find a huge bedroom with extra living space a beautiful 3/4 bath and a small kitchenette. All furnishings in the basement unit are included in the sale!
TO GET TO THIS PROPERTY: DO NOT TRUST GPS! There are lots of dead-end streets. From Sheridan: turn left on 10th Ave, right on Tennyson, right on 7th, then left on Vrain. From Federal: turn right on 10th Ave, left on Tennyson, right on 7th, then left on Vrain.
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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