954 APPLE LANE
About This Property
The kitchen features tile flooring, crisp white cabinetry, and a cozy dinette area, with a separate dining room providing the perfect space for entertaining or family gatherings. The primary suite offers a walk-in closet and a private bathroom with a sink area and a separate shower and toilet room for added privacy. The second bedroom also includes a walk-in closet, and a convenient linen closet is located in the hallway near the additional bedrooms and second full bathroom.
Step outside to enjoy the fully fenced backyard, complete with irrigation sprinklers and a spacious shed with electricity-ideal for storage, hobbies, or a workshop. The property also offers excellent parking and storage options with a 2-car garage, two additional carports, and a generously sized laundry area located just off the garage.
Additional highlights include hardwired security cameras, excellent attic storage space, copper wiring (no aluminum), a newer electrical panel with a generator plug, newer soffits, and an A/C system that is approximately 4–5 years old. This home combines functionality, charm, and valuable upgrades, making it a wonderful place to call home.
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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