12300 DRAKE LANE
About This Property
Pocketing sliding glass doors open fully to the screened lanai and beautiful pool area-perfect for relaxing or entertaining. The primary and second bedrooms each have access to the pool, and the second bathroom offers convenient pool access as well. New flooring is being installed in the primary bedroom for a fresh, updated touch.
With a new roof and A/C installed in 2023, a decorative driveway and matching pool deck, and an 8-foot privacy fence, this home offers the perfect blend of style, comfort, and functionality-all in a peaceful neighborhood setting.
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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 Spring Hill
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017