116 ISLABELLA WAY
About This Property
A short drive away is the brand-new Cherry Lake Park, designed for all ages and featuring wide open green space, a basketball court, outdoor fitness area, and playgrounds for children of various age groups. For dog lovers, the Off-Leash Dog Parks near Lake Hiawatha are a must-visit, offering dedicated dog areas along with scenic lakeside running and biking trails-and even a disc golf course-making it one of the most popular outdoor recreation areas in the region.
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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 Lago Katrina
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017