9911 LORAIN AVE
About This Property
Step inside this traditional floor plan where you are welcomed by the living room which opens to the updated kitchen, adorned with elegant fantasy brown marble countertops and gleaming stainless steel appliances with views onto the large backyard. Enjoy two entry level bedrooms which share a full bathroom. Rounding out the main level is a private office and dining space.
The upper level primary suite features two closets and an updated full bathroom. The lower level offers a versatile recreational space featuring a custom-built bar and entertainment center, perfect for hosting gatherings or enjoying a relaxing evening. Additionally, there's a large finished storage room and another full bathroom. Enjoy direct access to the backyard through the walk-up stairs.
Outside, the large fenced backyard is meticulously maintained and landscaped, creating a private oasis. The new, extra-large patio invites al fresco dining, and the recently added storage shed provides an excellent additional storage option.
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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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About Silver Spring
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$3,450 /mo
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$3,490 /mo
- 4 Beds
- 3 Baths
- 1,982 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017