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847 San Clemente
About This Property
The highly desirable open-concept floor plan is filled with an abundance of natural light through expansive windows and offers exceptional spaces for both entertaining and everyday living. Highlights include a unique circular music room, private study with a dramatic see-through fireplace, and a luxurious downstairs primary retreat complete with a sitting area and a newly renovated spa-inspired bathroom.
Upstairs features a spacious secondary living area, an additional primary suite with ensuite bath, plus two generously sized bedrooms and additional full bath, creating the perfect layout for multi-generational living or guest accommodations.
Step outside to your private backyard oasis featuring a covered patio, relaxing hot tub, and charming stone pathway-ideal for unwinding or entertaining year-round.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017