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85 Mitchell Drive
About This Property
The spacious living room is the perfect place to relax, highlighted by a cozy wood-burning fireplace that adds character and comfort. The home boasts custom moldings and paint, high hat lighting, ceiling fans, and custom light fixtures throughout, creating a stylish and cohesive design.
The large eat-in kitchen is both functional and inviting, featuring white cabinetry, Corian countertops, and ample space for cooking and entertaining. Additional interior highlights include luxury vinyl plank flooring in the bedrooms, Andersen windows, new doors and knobs, central air conditioning, and a built-in internal vacuum system for added convenience.
The home also offers a full basement and pull-down attic, providing plenty of storage and additional potential, along with 200-amp electric for modern efficiency.
Step outside to enjoy the Trex deck overlooking the backyard, perfect for relaxing or entertaining. Conveniently located 6 minutes away to local beaches, parks, shopping, and dining, this move-in ready home offers the perfect combination of comfort, style, and location. Don't miss this incredible opportunity-this home won't last
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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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About Sound Beach
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$10,000 /mo
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$2,200 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017