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1410 Corbett Lane
About This Property
****** $5000.00 PRICE REDUCTION ******
Immaculately maintained 3 bed, 2 bath, 2 car garage, corner lot home in beautiful Manchester Lakes. An open concept living space with valted ceilings and updated kitchen with granite countertops. This split floorplan home features ceramic tile throughout and carpeted bedrooms. The spacious master suite has a walk-in closet and double sinks. An extended backyard with new privacy fence is great for relaxing or entertaining! The home is equipped with storm shutters, updated storm door and newly installed gutters. Freshly painted interior. Centrally located near I-95, shopping, major employers and a short drive to the beach. In A rated school district. Some furniture negotiable. Prime location, won't last long!
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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 Manchester Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017