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11432 RIVER KNOLL Drive
About This Property
Offers will be reviewed late afternoon or early evening on Monday 5/10.
The perfect potential multi-family home. 520SF ground floor in-law suite (bonus/party room, etc.) with secondary entrance, full bath, walk-in closets and wet bar. Two car attached garage with heated and cooled workshop. This is a classic ''side-split-level'' home with laundry, formal living and dining room along with eat-in kitchen on one level. From there walk down 3 steps to enter the family room with access to pool deck and in-law suite. Above these areas are 3 large bedrooms and owner's suite. This home does not disappoint with everything it offers. Back on market due to SF issues. See private remarks.
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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