9610 GLEN RD
About This Property
Stepping outside, the property is a true oasis with a stunning inground, heated swimming pool surrounded by lush landscaping and mature plantings. A sensational screened porch offers the perfect spot for outdoor dining and relaxation, while a newly added pickleball court provides endless entertainment options for family and friends. The wrap-around porches and upper-level screened porch offer additional spaces to enjoy the tranquility of the surroundings, while a firepit area beckons for cozy evenings under the stars.
Inside, the farmhouse boasts a blend of modern amenities & historic charm, with newly refinished heart pine floors, custom millwork, and updated kitchen and baths. The spacious family room with a fireplace is perfect for gatherings, while the Owner's Suite with a remodeled bath and ample closets provides a luxurious retreat. With the potential to add garages to the circular driveway and plenty of parking space, this farmhouse offers a unique opportunity to own a piece of history in a coveted location. (Note: there is NO historic designation!)
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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