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13537 SW 47TH CIRCLE
About This Property
All four bedrooms are well-sized with closet space. The primary suite includes a walk-in closet and en-suite bath with granite vanity and tiled shower. The second bath features matching finishes with a tub/shower combo. The attached 2-car garage includes wire shelving for additional storage.
Since purchase, the owners added a vinyl privacy fence and gutters. The backyard is open and spacious with room to add a pool or outdoor living area.
Close to shopping, dining, and outdoor recreation including Silver Springs State Park.
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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