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1194 White Oak Circle
About This Property
Extended Garage, Garage Door is hurricane rated and the house has full hurricane shutters. House painted with Sherwin Williams 20 year paint. Upgraded master bath with new vanities, granite and double bowl sinks and upgraded high faucets. This is same attention to detail in bath. Newer central air condition and electric heat 3 to 4 years old. New upgraded base boards in main living area. A large upgrade to the installation of tile through-out house of 20x20 tile in all rooms, tight joints to minimize clear of grout lines. Included in the home sale is pair of matching Samsung washer and dryer. Unbelievable Lake View! with enclosed porch by use of Vinyl Sliding Windows if desired.
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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 Magnolia Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017