1207 RAVENS TRACE Lane
About This Property
This house rests on a large lot at the end of a cul-de-sac. It's brand new privacy fence backs up to a preserve dotted with hundreds of mature pine trees. This home features four bedrooms, gorgeous new flooring throughout, and new stainless steel kitchen appliances. The open and airy layout is sure to impress! In the backyard, a brand new concrete slab has been poured stretching the length of the home. There is also a sizeable shed atop a new concrete slab that conveys with the property. New roof in 2019 and new AC in 2015.
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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