107 Heritage Circle
About This Property
This Ranch home is full of character and features an open floor plan with updated tile flooring throughout, spacious Kitchen with tons of storage, stainless steel appliances, granite tile counters, pantry & breakfast bar. Separate Dining Rm off the kitchen that leads to the FL Rm complete with storm windows and slate tile flooring - a wonderful place to relax with a good book or glass of wine! Spacious Primary Bedroom with 2 closets and w/2 sets of French doors that open to the private backyard; Primary Bathroom w/dual vanity offers lots of storage, copper sinks and beautiful spa shower & skylight. The crown jewel of this home, other than its proximity to the beach, is the private backyard oasis that awaits your creative vision - fully fenced and anchored by multi-generational plants and flowers perfect for garden lovers. Additionally, this home has a new water heater, newer roof, freshly painted interior and exterior. W/D convey with the property!
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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