12694 138TH LANE
About This Property
Inside, you'll find a bright, open layout with updated luxury vinyl plank flooring throughout and multiple flexible living spaces filled with natural light. A standout feature is the stylish freestanding fireplace, creating a unique focal point and adding character to the main living area.
The kitchen is spacious and functional with ample cabinetry, solid surface countertops, stainless steel appliances, and a large window that brings in great natural light. Both bathrooms offer updates, including a modern vanity and a renovated walk-in shower with designer tile and upgraded fixtures.
Step outside to a private, fully fenced backyard featuring a large wood deck, mature shade trees, and lush landscaping, perfect for relaxing or entertaining.
Additional highlights include hurricane-impact windows and doors, a one-car garage, and an extended driveway for extra parking. Major updates include a 2023 flat roof and 2020 HVAC.
Located close to beaches, dining, and shopping, this home is an excellent option for a primary residence, second home, or investment opportunity.
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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