116 Grand Meadow Drive
About This Property
Step inside to discover a spacious living area anchored by a breathtaking floor-to-ceiling stone wood-burning fireplace, complemented by luxury flooring, designer light fixtures, and custom cabinetry throughout. The modern kitchen features brand-new appliances and sleek finishes-perfect for both daily living and entertaining guests. Enjoy the convenience of a large, functional laundry room with ample storage, generous bedrooms, and beautifully updated bathrooms. The fully fenced backyard offers the perfect space for outdoor relaxation or hosting gatherings. A 2-car garage adds even more storage and convenience. This home includes a brand-new High Efficiency HVAC system and fully paid off solar panels, offering new owner the potential for significantly reduced utility expenses.
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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 Westpoint
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017