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7408 CINNABAR TERRACE
About This Property
The main level offers a spacious combined living and dining room, along with a cozy family room featuring a fireplace-perfect for relaxing or entertaining. All three bathrooms have been tastefully updated.
The fully finished lower level provides wonderful additional living space and includes a versatile bonus room (without a window) that can be used as a den, office, guest space, workout room, or hobby area. There is also plenty of storage space in the basement.
Step outside to enjoy the fenced, level backyard backing to green space, along with a large custom-built deck ideal for family gatherings, grilling, or outdoor entertaining.
Complete with a one-car garage, private driveway parking, and conveniently located near the elementary school, Ride-On bus stop, shopping, dining, and commuter routes. Move-in ready and a wonderful place to call home!
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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 Montgomery
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017