811 Sanderson Drive
About This Property
The owner's suite includes a walk-in closet and great storage with built-in closets throughout, plus a Murphy bed that conveys for added flexibility. Bathroom updates include a new shower and toilet (2022). Major improvements provide peace of mind, including a new roof (2022), new HVAC (2022), exterior paint (2024), and recently cleaned gutters (2025). The home has also been freshly power washed and is truly move-in ready. Situated on a huge, private fenced lot with beautiful greenery, this property offers excellent outdoor space and ample parking. Fully landscaped and conveniently located, this cute-as-a-button ranch won't last long!
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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