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113 DRIFTWOOD Lane
About This Property
Inside, warm wood finishes create a cozy yet elegant atmosphere, complementing the modern updates throughout. The property features an above-ground pool, ideal for relaxation, while the spacious fenced backyard is perfect for entertaining. A mini-split air-conditioned 12 x 30 shed provides additional versatility, and the one-car garage offers extra convenience.
Seller has done to many upgrades to this home to list here, however, some are; Generac Home Generator, Pella Windows, rewired entire dock, new lift with extended roof, and more. This home is a rare find!
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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