1396 Dorset Place
About This Property
Builder model custom home with an open floor plan. Drive up the spectacular driveway to enter the three-car side entry garage. Home centers around the pool and outdoor summer kitchen space. Four bedrooms, four full baths total. Three beds, three bath downstairs. One private oasis bedroom, flex room, or media room with full bath upstairs. Accordion hurricane shutters, summer kitchen, the focus from the interior is the heated pool/spa area. The expansive Kitchen has corian counter tops with a large granite center island, offering a large chef's haven. Formal living area overlooks the lanai and pool. Secured in the Baytree Community with a manned guard gate, the property sits on .44 of acre on a private cul-de-ssac.
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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