137 LOBELIA Road
About This Property
This property has been thoughtfully updated for peace of mind and easy living. Major improvements include a new metal roof, HVAC system, water heater, smoke detectors, rain gutters, and exterior paint, all completed in 2022. The plumbing was upgraded in 2018, and the refrigerator, dishwasher, and hood were replaced in 2022, giving the kitchen a fresh, modern touch.
Step outside to your private backyard retreat featuring a Red Cedar gazebo with a durable metal roof, the perfect spot to relax or entertain. The yard is fully enclosed with privacy fencing, offering both comfort and seclusion.
With its prime location and extensive updates, this home is move-in ready and waiting for its next owner!
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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 St. Augustine South
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017