7204 PATTON DRIVE
About This Property
The heart of the home features an open gourmet kitchen, complete with a Sub-Zero refrigerator, custom wood cabinets, a double oven, and Corian countertops. Hardwood floors flow through the family room and kitchen. The inviting family room also boasts a cozy fireplace. A separate formal dining room and custom moldings throughout add to the home's classic appeal. With two distinct family room spaces on the main level, this home is ideal for entertaining.
Upstairs, you'll find four generously sized bedrooms, including a primary en-suite with its own private bathroom. The lower level is fully finished, offering a versatile game room, additional hang-out space, and abundant storage. The lower level conveniently walks out to your beautiful backyard, where there's even space to add a hot tub.
Outside, the possibilities are truly endless. Enjoy a large screened-in porch overlooking the private backyard, a fire pit area, and a heated in-ground pool, perfect for extending your swimming season and enjoying beautiful sunsets. A separate driveway leads to a very oversized additional garage with tons of storage, offering flexible possibilities for conversion and ideal for work truck or RV storage.
This home has been thoughtfully updated with a new roof and air conditioning just three years ago. Almost all windows have been replaced over time, with the upstairs front windows replaced in 2024. New pool pump approximately four years ago. You don't want to miss this one!
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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