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1152 Tralee Bay Avenue
About This Property
relaxing year around keeping the mosquitoes out and the breezes in. The four bedrooms are bright and the kitchen is spacious with new stainless appliances, granite counters and an abundance of cabinet space. There is a separate laundry room. Hurricane shutters stored in the garage. The yard is landscaped with mature trees, palms and flowering plants, and the back is planted thickly'||chr(10)||'with palms and plants that provide privacy from the homes behind. The'||chr(10)||'neighbourhood has several parks for the kids to play in and the community'||chr(10)||'clubhouse has a gym, entertaining and meeting space and a huge pool. This'||chr(10)||'community is close to churches, schools, parks, shopping and restaurants.
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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