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7973 Sherman Way
About This Property
The main level features two comfortable bedrooms, a beautifully renovated bathroom, and a warm, inviting living space filled with natural light. Downstairs, the finished basement expands your living options with two additional bedrooms, another updated bathroom, a spacious second family room, and an oversized laundry area with extra storage potential. Having living areas on both levels creates the perfect setup for guests, roommates, work-from-home flexibility, or additional privacy.
Step outside to enjoy the large private backyard, ideal for entertaining, gardening, pets, or simply relaxing in the sunroom. The oversized two-car garage provides excellent storage and workspace options, while the newer extended driveway offers ample off-street parking for multiple vehicles, trailers, or recreational toys.
Conveniently located with easy access to major roadways, shopping, dining, parks, recreation, and employment centers, this home combines everyday comfort with a central location that makes commuting and errands effortless. Move-in ready with thoughtful updates throughout, 7973 Sherman Way offers space, flexibility, and value in one inviting package.
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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