10050 ILLUMINATION Drive
About This Property
The private primary suite features an en-suite bath with dual vanities and walk-in shower. Bedrooms 2 and 3 are connected by a versatile retreat space perfect for a media room, playroom, exercise, or reading nook. Ample walk-in closets plus an oversized 9 ft. ceiling 2-car garage, has full bay for storage space. Expansive backyard backing to a peaceful preserve ready to create your dream outdoor space. Edison amenities include playground, picnic area, and relaxing waterfront lounge spaces. Plus, eTown's resort-style amenities feature zero-entry pool, lap lanes, fitness center, yoga lawn, rooftop patio, playground, dog park, and community events. View the Distinct Features for many valued upgrades. Start enjoying the Edison lifestyle.
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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