908 OLD OAK RD
About This Property
Gently lived in and beautifully upgraded and maintained, this home offers a high-velocity AC system with new air handler and compressor (2023), a recently replaced hot water heater (2022), a new sewer line (2023), this home exhibits pride of ownership at every turn. Custom Marvin windows throughout the home fill each room with natural light, showcasing the gorgeous hardwood floors that add warmth and elegance.
Stoneleigh has forever been one of the area's most sought-after neighborhoods. Known for its timeless charm, tree-lined streets, and strong sense of community, Stoneleigh offers residents amenities such as the community pool (with swim team, nature trail, basketball, and pickleball), seasonal events (like 5k fun run and holiday parties), a welcoming, walkable environment, and of course, Stoneleigh Elementary tucked within the neighborhood. Walk to Starbucks, shops, restaurants, banks, and schools from pre-school to University! Blink and you will miss this one!
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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