8514 MAGNOLIA DRIVE
About This Property
The brick-front exterior adds timeless curb appeal, while inside you'll find fresh paint, new carpeting, and updated flooring throughout. The main level features a convenient laundry room and an upgraded one-car garage complete with built-in shelving for ample storage. NEW 2025 - garbage disposal.
Upstairs, the updated hall bathroom includes thoughtful touches like a grab bar and built-in shower seat. The spacious primary bedroom offers built-in shelving and a generous walk-in closet.
The lower-level recreation room is ideal for entertaining. Freshly painted, new flooring, a waterproofing system, NEW 2025 water heater and sump pump w/battery back up. Recessed lighting for a bright, welcoming feel.
Enjoy cozy evenings by the wood-burning fireplace in the family room, and appreciate the peace of mind that comes with major upgrades including a new sewer line, professionally graded yard with new sod and a 2/10 Home Warranty. Roof/siding replaced 2017. Fireplace "As Is" seller has never used.
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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