8412 Terra Cotta Drive
About This Property
This home features brand new flooring in living areas, a fully renovated kitchen with new appliances, and fresh paint inside and out, giving it a crisp, modern feel from the moment you walk in. Step outside to enjoy a brand new deck overlooking a spacious lot, perfect for relaxing or entertaining. A backyard shed adds valuable extra storage.
Whether you're buying your first home, looking to downsize, or searching for a solid investment opportunity, this property checks all the boxes. With its updates, layout, and versatility, it's a home that's easy to love...and even easier to make your own.
Homes like this don't stay on the market for long. Schedule your showing and come see it for yourself!
(**Note: Seller is unsure if conversion of garage into living space by previous owner was permitted. No records on file. Heated Living Area of 1,844 total SqFt of which 850 SqFt is a possible unpermitted addition that otherwise meets the definition of living area.)
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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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Last Updated: 7 months ago
Data Source: CANOPYMLS, MLS# CAR4366929
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Address: 335 Madison Avenue, New York, NY 10017