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1476 Litchfield Drive
About This Property
Waterfront 3/2 Concrete Block, 2 car garage, split floor plan. Granite in Kitchen with Center Island.
Living room/Dining Room and Family room off Kitchen. Master Bedroom with walk-in shower. Double Vanity in Master Bathroom, Large Walk-In Master Bedroom Closet. Hall coat closet. Large screened back custom patio overlooking the lovely lake. Centrally Located and close to Shopping, Dining, Entertainment and Schools. Sidewalks too!
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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