108 Palmfield Way
About This Property
The spacious eat-in kitchen is a pleasure to cook and entertain in with high-end stainless steel appliances, Corian countertops, 42'' cabinets with top lighting and a large pantry. Have a seat at the breakfast bar or use the perfect seating nook that overlooks the beautiful back patio and pool. The spacious primary bedroom is truly yo sanctuary away from it all, with an 11' tray ceiling, daylight from a wall of plantation shuttered windows, French door to the patio and pool, and of course spacious closets. The primary bathroom features dual sinks, wood cabinets, a heat light, tub and an extra-large shower stall. The second and the third bedroom/den feature ceiling fans, and the third bedroom/den includes built-in work-stations and double doors. Large Laundry Room offers a Washer/Dryer with storage shelves and a utility sink. Hurricane shutters are stored in the 2 car garage with extra storage! Enjoy walking and living within the Paseos community's several lakes, walking paths around the reserves, community greens and playgrounds, and a large community clubhouse with a resort style heated pool and lighted tennis courts.
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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%.
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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