1404 Independence LANE
About This Property
The large master bedroom has two closets and tray ceiling. The master bath features a double vanity with granite top, soaking tub and separate shower. The second and third bedrooms have their own flex space area which could be used as a media center, study space, play room or even converted to a fourth bedroom. The second bathroom also has a double vanity with granite top. The home is located on a quiet cul de sac; no thru traffic. A dead-end street. Property is fenced in; with no rear neighbors. Don't miss this one! Bedroom Closet Type: Walk-in Closet (Primary Bedroom).
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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 Liberty Oaks
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017