10322 Grapefruit DRIVE
About This Property
The seller is willing to hold financing with a substantial down payment and a 5 year balloon mortgage amortized over 30 years at 5% interest. This home has Split floor plan and a 18 x 18 kitchen dining area with lots of windows and light, leading to a 10x 16 screened Lanai for your morning coffee. The house has mostly tile flooring with the exception of the living room. The master bedroon has a private on-suite bath, the second bedroom has a bathroom right next door. In this price point with low interest financing it allows you to make this into the home of your dreams. Call before it is scooped up.
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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 Jasmine Lakes
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Currently no similar homes aroundNearby Rentals
$1,575 /mo
- 2 Beds
- 2 Baths
- 1,245 ft²
$1,750 /mo
- 2 Beds
- 2 Baths
- 1,096 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017