30
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117 Palm Circle
About This Property
3 bedroom, 2 bath, oversized 2 car garage (25' deep with work space). Home features formal living and dining, a huge utility room with cabinets, laundry tub and office space, breakfast bar and eat in island kitchen, large screened trussed roof lanai with a 5 person Hot Springs hot tub, deep well irrigation system, lush landscaping, home water treatment system, radiant barrier insulation, and more... on an oversized .34 acre lot. New roof-2018, new hot water heater-2019, new garage door opener with keypad- 2017. Home comes with a 1 year AHS home warranty. Custom island kitchen with European Pedini style wood cabinets. Recessed lighting in family room and kitchen/bar area. Walk in closets in all bedrooms. Hot tub on an 20 AMP dedicated circuit. Guest bath opens to lanai. Updated lighting, newer carpet, fresh paint. Original owner, first time on market.
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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%.
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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 Palm Shores Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017