1149 HIDEAWAY Drive N
About This Property
List of Recent Upgrades:
Roof and garage door - hurricane standard (2014) $35,000
Paver driveway and 3 sidewalks (2021) - $19,000
Heat Pumps (two in 2020) - $14,000
Irrigation system (for existing well) including rust prevention (2017) - $3,500
Pool pump and heater replaced (2018) - $1,100
Replaced two water heaters (2020) - $2,100
Replaced flooring in two guest bedrooms & dining room (2021) $2,900
New front landscaping (2021) $7,000
Replaced glass sliders in sun room (2017) $7,000
New lighting in kitchen (2021) $900
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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