1044 BUTTERCUP Drive
About This Property
* Tiled Front Porch, New Paver/Stone Walk-Way, and Phantom Screened Door
* Kitchen features newer appliances including smooth-top range, microwave, refrigerator, and Bosch dishwasher. Additional pantry cabinet and under & over cabinet lighting.
* Upgraded faucets, lighting, & ceiling fans throughout
* 2" blinds
* Closet organizers in 2 walk-in closets
* Wired for surround sound
* Tinted windows (except for master bath and slider) for UV and heat control
* Garden tub in master bath, marble vanities in both baths,double vanities in both baths, & skylight in guest bath.
* Covered, screened lanai w/ tile floor and Pella sliders w/ blinds inserted into the glass.
* Cabinets in laundry room and utility tub in garage.
* Safetouch Security system w/ 2-way communicator, direct access to fire dept, and satellite receiver for power outage (new owner has option of continuing service)
* Termite bond
* Seamless gut
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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