12038 Mountbatten DRIVE
About This Property
Lanai and Pool area is light bright and move-in ready. A more formal Living Room and Dining Room combo greet you as you enter this home, but once you enter the large open living areas, you will know this is the best home for entertaining or relaxing with peace and quiet. Backyard is enclosed with all newer Vinyl Fencing, (shared with neighbors).. A few other very nice additions include: Rich, Designer
Granite Counter tops. Stainless Steel Kitchen Appliances, Natural Gas Range and a New A/C System installed Fall 2020, Water Softener less than 1 year ago, Smart WiFi Energy Efficient Thermostat, Garage Door Opener with Smart Google Camera, Natural Gas Water Heater. Gas hookup for Dryer. Very sought-after area due to accessibility to major roadways, A-rated schools, golf courses, shopping, banks, medical centers, playgrounds, library, beaches, airport, sports arenas and so much more. No CDD Fees...Affordable HOA Fee of $700 per year.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017