1242 SHETLAND Drive
About This Property
On the second floor, discover a versatile loft space that can serve as an office, workout area, children's play zone, or even your personal sanctuary. The luxurious master suite is also situated upstairs and features expansive walk-in closets, a separate tub and shower, and dual vanities for that extra touch of elegance.
Extend your living space outdoors with a fabulous enclosed lanai that leads to a fully paved outdoor paradise. Complete with a fire pit and bamboo sections for added privacy, it's the perfect backdrop for memorable gatherings and celebrations.
Storage won't be an issue with the two-car garage, outfitted with shelving for optimal organization. And let's not forget the resort style amenities, which include two pools, a playground, fitness center, basketball courts, a baseball field and a welcoming clubhouse.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017