113 Overlook Drive
About This Property
But the true magic of this home lies beyond its walls - step outside and be captivated by the panoramic, wide-open views of the river and surrounding water. It's a scene of pure tranquility, where you can sit in peace and enjoy nature's beauty. Complete with a private dock and space to park your boat, this is a rare waterfront gem that offers the ultimate lifestyle for water lovers.
Yes, the exterior could use a little TLC, but opportunities like this - with such breathtaking riverfront views and endless potential - don't come around often. Priced at $499,000, this one will not last!
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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