907 Rue De Palms
About This Property
Enter into the huge sunken living room with a beamed cathedral ceiling and a floor-to-ceiling wood-burning fireplace. A brick half-wall separates the living room and dining area, which has a Tiffany-style hanging lamp. Exit the living room through a sliding glass door into the large, screened Florida room.
The roomy kitchen includes all appliances, and has a cutting board built right into the counter top. Behind the kitchen is a large utility/laundry room with built-in shelves. The water heater is fitted with an EnergySmart device. The kitchen is directly connected with the 2-car garage, making it easy to bring in groceries. The garage has plenty of workspace, including shelving, cupboards under a countertop, and an additional recessed area with built-in wall cupboards.
Down the hall you'll find three bedrooms including the large master. Sliding glass doors lead out from the master to the covered patio area, and thence into the florida room or out to the back yard. Both back and side yards are wide, providing different areas to create outdoor living space. On the north side of the house, the gate could be widened, providing plenty of space to park an RV or boat.
Buyers should verify all information deemed important to them. Schedule your showing 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