9 Urban Drive
About This Property
Sliding doors extend the living space to an impressive covered and screened deck featuring a vaulted ceiling, ceiling fan and plenty of room for outdoor dining, entertaining or simply relaxing while overlooking the landscaped yard.
Generously sized bedrooms feature hardwood flooring and natural light, while the finished lower level adds exceptional flexibility with a spacious recreation area, striking wood accent wall with fireplace, custom wet bar, full bath and additional living space. An attached garage, attractive landscaping, paver walkways and manicured lawn complete the property.
Located in Selden, the home offers convenient access to shopping and dining along the Middle Country Road corridor, along with Town of Brookhaven parks and recreational opportunities and access to Suffolk County transportation. A home that combines updated interiors, flexible living space and an outdoor area made to be enjoyed.
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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