11125 KORMAN DRIVE
About This Property
Step outside into the fenced backyard and discover your own private oasis. The highlight of this outdoor space is the in-ground pool, inviting you to cool off on hot summer days or simply lounge and soak up the sun. It's the perfect spot to create lasting memories with family and friends.
Additionally, this home offers a 2-car garage, providing convenient parking and extra storage space.
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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