8285 Dover Way
About This Property
Main floor consists of 2 bedrooms, a bath, living room, kitchen and dining area.
Lower level is the family room with vaulted ceilings. Sliding doors off the family room leads to a very spacious backyard with mature landscaping.
Basement area has 1 VERY large and roomy bedroom and a bathroom. There is also a very large open area for an office, 4th bedroom or recreational area. Built in cupboards in one of the large rooms.
2 car attached garage.
Handicap modified bathroom
Possible in-law set up. ( please see last photo of SUGGESTED remodel floor plan for a POTENTIAL in-law setup in the lower level). Home is NOT currently set up for in-law space but very easy to do.
And easy 5th bedroom
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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