1100 Monterey Bay Drive
About This Property
This home also boasts an expanded 3-season room and a patio, perfect for entertaining guests or simply enjoying the outdoor space throughout the year. Located on a desirable corner lot, it provides additional privacy and space.
Enjoy the amenities, including a clubhouse, indoor pool, fitness center, and pickleball courts. Plus, you're just steps away from the Wake Forest greenway, perfect for nature walks or biking. Proximity to downtown Wake Forest offers easy access to shopping, dining, and entertainment.
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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 Wake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017