13381 PACKARD DR
About This Property
The outdoor space is equally impressive. The large backyard backs to woods, providing a serene and private setting. The upper deck is perfect for parties, while the lower outdoor area offers a private, tranquil zone for relaxation. Recent updates to the home include a new fridge and microwave, ensuring modern convenience. Conveniently located near shopping, dining, and major highways, this home offers the perfect blend of comfort and convenience.
The basement has an updated bathroom, new flooring throughout, new storage shelves in the laundry room, updated hardware, and new ceiling fans. The top floor features new ceiling fans, updated hardware, and updated bathroom hardware. The middle floor boasts new flooring in the bar room, new hardware, updated hardware in the bathroom, convey pantry shelves, and new ceiling fans. General updates include all new carpeting and fresh paint. The backyard has new plants, though the rain has drenched them. Located in a quiet neighborhood, this home is perfect for those seeking a peaceful yet conveniently situated residence.
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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 Princedale
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017