148 Michael Drive
About This Property
The large primary suite offers a true retreat with double sinks, a fully tiled walk-in shower, and a generous walk-in closet. The secondary bathroom also features granite countertops for a consistent, high-end feel. Enjoy the outdoors from the covered front porch or unwind under the pergola on the back patio all within your fully fenced backyard.
Home is virtually staged to help you envision the space.
With no HOA and quick access to Highway 73, this one checks all the boxes. Home is virtually staged to help you envision the space.
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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