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11 Simpson Gate
About This Property
Primary bedroom Suite with French doors, Vaulted Ceilings, Marble bathroom featuring 9' long walk in shower with multiple shower heads, Bain Ultra air jet tub, & radiant heated flooring. 3 additional bedrooms, & completely renovated second upstairs bathroom. Full unfinished basement with laundry area & lots of potential.
Large deck leads to a pavered patio and 60' tri-level Inground Salt water Pool with water features and a slide, outside fireplace and 13 zone inground sprinkler system. Alarm system, Oil Heat, New Central Air Conditioning with 2 zones and all new ductwork, new Glass Hot water tank, 2 car garage with new custom epoxy floor. too many upgrades to list!
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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