1237 Thomas DRIVE
About This Property
Many recent updates make this home so attractive. Pavers in the front porch and back patio were done in
2014 and 2015. New flooring and kitchen were redone in 2020 along with new appliances. Hurricane shutters
were added in 2019 and the fence was added in 2018. Hot water heater was replaced in 2017. Bedrooms have
newer carpet along with the luxury vinyl planks throughout the rest of the house that were replaced in 2020.
The best for entertaining was added in 2016...an amazing 12 x 10 Tiki Hut which includes a fan to help in the
Florida heat and lighting as well.
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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 Willow Run
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$2,200 /mo
- 3 Beds
- 2 Baths
- 1,624 ft²
$1,900 /mo
- 2 Beds
- 2 Baths
- 1,624 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017