12027 Vermillion WAY
About This Property
Notable features and upgrades: New Roof in 2021, an upgraded AC 3.5 ton in 2015. The pool was resurfaced in 2016, and the kitchen was updated with granite countertops in 2023. But wait, there's more! New LG appliances were installed in 2023 as well. Don't wait, folks; this home is move-in ready and provides enough room to grow your tribe through the years.
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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 Boyette
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017