89 Mandolin DRIVE
About This Property
When entering the home from the family room you will find 2 bedrooms and the guest bathroom that has been freshly painted. One bedroom is set up as an office and works perfectly for a home office. The Master bedroom is on the opposite side of the home which includes an on- suite with an accessible shower and a wider door to allow for a wheelchair. The master bedroom currently accommodates a King size bed and still plenty of room to move around. The master bedroom has wood plank flooring while the rest of the home has ceramic tile.
If you are looking for a move in ready home this one is for you. The roof was replaced in 2020, AC was replaced in 2018, Hot water heater is original to the home and the home does have a whole home Generac Generator with a propane tank buried in the back right corner of the property. The owner also has a current flood insurance policy that is transferrable to the new owner.
What are you waiting for make an appointment to view this home today.
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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