750 Conestee Drive
About This Property
The Roof and Gutters are new 12/2023. All new tile floors throughout and new baseboards in 2020.
When you walk into the foyer you're greeted with a lovely view of the pond, the formal living room and the formal dining room. The primary bedroom boasts a garden tub, separate shower, double sink vanity and two closets, one is a walk-in. The kitchen is large with lots of storage, views of the pond and is open to the family room. This home has lovely vaulted ceilings, an indoor laundry room, ceilings fans and NATURAL GAS. The lanai has all new screens and a half-bath. At the back of the house, there is an outdoor shower, there's also a stubbed off gas line for either a grill or for a pool heater. I'm told the home is also pre-wired to install a pool!
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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%.
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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 The Falls at Sheridan
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017