9215 MELLENBROOK RD
About This Property
The cozy family room off of the kitchen features 9 foot ceilings, and a fireplace, nicely highlighted by recessed lights. The chimney was redone in 2018, so there is nothing to do here but move in! Use the doors off of the den to walk on to your deck to enjoy a meal, as you overlook the fenced back yard. Park your cars in the spacious two car garage with shelving, and enter directly into the laundry room, right on the main level!
You'll notice the painted trim and crown molding as you ascend the staircase (new carpet!) to find 4 generously sized bedrooms, several hallway storage closets, and 2 full bathrooms. Each bedroom has a ceiling fan, crown molding, and generous closet space. The primary bedroom has a renovated ensuite bathroom, including a new shower with Italian marble tile. The second full bathroom has a tub and shower combination, redone since the seller took ownership. The expansive, finished lower level has a plethora of storage space, including a bonus room with a closet. No need to go all the way back upstairs, because there is a walkout to the fenced back yard!
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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