7908 DEERLEE DRIVE
About This Property
Inside, the updated eat-in kitchen is a chef's dream, featuring soft-close cabinetry, double ovens, recessed lighting, a spacious pantry, and a built-in desk area ideal for organizing your day. Whether you're hosting or meal prepping, this kitchen blends functionality with style.
The unfinished walkout basement provides endless potential-create a custom home theater, gym, additional living space, or whatever suits your lifestyle.
Additional noteworthy features include; new GAF Timberline Ultra HD roof shingles with zinc strips plus 2 new skylights 2016, new 6 inch gutters 2016, new ProVia Legacy 20-gauge steel front door and storm door 2016, quality Paradigm windows, new washer and dryer 2023, new ProLine commercial water heater 2023, new Trane furnace 2023 with built-in humidifier and dehumidifier plus UV lights.
Located just a short walk from Lake Mercer, South Run Forest also offers scenic trails leading to South Run Recreation Center and Burke Lake Park. Enjoy easy access to outdoor activities, fitness facilities, and nature-all within your neighborhood.
This is more than a home-it's a lifestyle of comfort, convenience, and possibility.
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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 South Run
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017