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982 HIGHPOINT DRIVE
About This Property
The lower level offers a spacious rec room, 4th bedroom, and full bathroom, along with a laundry room and large utility room providing excellent additional storage.
Step outside to enjoy the expansive backyard, complete with a deck off the kitchen and a patio accessible from the lower level, creating seamless indoor-outdoor flow. The level lot includes two sheds and two separate driveways, with extended parking perfect for a boat, RV, trailer, or multiple vehicles.
A poured concrete foundation is already in place for a potential 2 car garage or future expansion. The attic, accessed by a pull-down staircase, offers storage spanning the length of the home.
Enjoy year-round comfort with a newer HVAC system with propane backup, plus recent updates including the water heater, washer/dryer, well pump, and bladder tank.
Located in a fantastic water-privileged community!
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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