114 Olympus Way
About This Property
Don't miss this rare opportunity! Kitchen offers built in Kitchen Aid refrigerator, double oven/convection conversion oven, granite counter tops, large pantry for all the convenience and space you need. Large laundry room with LG front load washer and dryer. The garage is finished with new epoxy flooring surface to provide clean and useable space and built-ins. The master bath has been well appointed with a jacuzzi tub surround by a beautiful marble and private walk in shower with dual shower heads and handhelds. Double vanity sink with wall mounted fixtures, custom walk in closet and patio doors that lead to the masters covered lanai to enjoy your morning coffee while enjoying the privacy of the preserve and the ocean breezes.
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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 Olympus
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$6,000 /mo
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$5,800 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017