966 GARRISON Drive
About This Property
This Premier ICI home situated on a private Conservation Lot has Room for a Pool. Enter through the tiled front entry into a French Provincial style Foyer and Gathering Room complete with Anderson Cherry Wood Flooring, a double sided Gas Fireplace and French doors. Entertain in the formal dining room (flex room) adjacent to the open kitchen. All appliances are newer. The home layout offers the master suite and 3 rooms down; Bonus with wood laminate flooring and full bath up. It is perfect for entertaining and large families. Nine closets (2 walk in) boast plenty of storage room. The back is complete with a screened lanai (new screens) and freshly painted wood deck. This home has a WOW factor! Some Window Treatments Convey. Two Newer (2018) 15 Sear AC units. Brand New (2019) Bravo Owens Corning Architectural Roof.
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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%.
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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