989 Lower Dowda Mill Road
About This Property
Inside, you'll find elegant hardwood floors, a welcoming foyer, and a formal dining room with a custom built-in hutch. The chef's kitchen boasts a center island, upgraded appliances, and custom cabinetry, while the cozy breakfast room and large mudroom/laundry room provide functionality and style. The open great room features a cozy fireplace, and an additional study or home office is located on the main level. The main level primary suite is a private retreat, complete with a luxurious bath.
Upstairs, there are three additional bedrooms, two bathrooms, and a sitting area overlooking the great room. The unfinished basement offers ample storage or the potential for future expansion. The detached two-car garage includes a bonus room above, perfect for a home office or guest suite. This stunning property is the perfect blend of rustic charm and modern convenience.
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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