1166 Rialto Drive
About This Property
Featuring an open floorplan with vaulted ceilings, high-hat lighting, separate family & living rooms plus spacious eat in kitchen. Large master bedroom with walk in closet, his & hers bathroom vanity, and Roman tub. You'll enjoy relaxing in the large fenced backyard with sparkling free form pool.
This home is conveniently located near the community clubhouse which offers residents an exercise room, community swimming pool, BBQ area and playground with a low monthly HOA fee.
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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 Melear
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017