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907 RUSSO DRIVE
About This Property
The bright and inviting upper-level features natural hardwood floors and an abundance of natural light streaming through oversized living and dining room windows. The updated kitchen is equipped with shaker-style cabinetry, granite countertops, and ample workspace, making it both stylish and practical for everyday living and entertaining.
The lower-level family room provides a warm and cozy retreat, highlighted by a wood-burning stove insert that adds character and comfort during the cooler months. A BRAND NEW furnace offers peace of mind for the coming winter months while the air conditioner was replaced in 2020.
Step outside to enjoy the fully fenced backyard, providing privacy and plenty of space for recreation, pets, or outdoor gatherings. With its desirable southern exposure, the yard also offers excellent gardening potential for those with a green thumb.
Move-in ready and ideally located near schools, parks, and local amenities, this home presents a wonderful opportunity to enjoy comfortable living in a well-established neighborhood. Make sure you schedule your own private 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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017