921 BRICK MANOR CIR
About This Property
The standout feature is the expansive rear porch, a true extension of the living space. Whether cozying up by the outdoor fireplace or enjoying the seasons year-round with custom canvas pull-downs, this area offers a perfect blend of comfort and style. Each panel, valued at $3k, transforms the porch into a 3-season room, effectively shielding against wind and harsh elements, allowing you to enjoy the stunning views of the spacious backyard that backs onto tranquil woods and a shared common area.
Golf enthusiasts will revel in the private golf hole with multiple tee boxes, providing a unique and fun challenge just steps from your door. Recent updates, including a new roof (2022), refreshed windows, and beautifully restored wood floors, ensure that the home is move-in ready. The multi-zone heating and air conditioning system have been upgraded, with the basement HVAC and water heater being newer additions.
As a bonus, the pool table, piano, a couple of spare beds, and a stand-up riding lawn mower-all convey with the sale. This property is more than just a home; it's a lifestyle. As is sale.
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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