156 ASHTON OAKS Drive
About This Property
The floor plan is ideal for entertaining with an open living, dining & kitchen concept. The gourmet kitchen features a 9' island w/ breakfast bar, farm sink, gas hooded range & double ovens. The living room hosts a gas fireplace & custom built-ins. The floor plan is complete w/ a butler's pantry & a walk-in laundry room w/hanging wall, folding counter & soaking sink. Each bedroom is oversized and the private guest suite has an en suite cabana bath & french doors leading outside. Outdoors finds a covered screened lanai w/ a heated saltwater pool & spa w/ travertine decking, a summer kitchen, surround sound, outdoor shower, a fire pit & 3 car attached garage. Located in the gated equestrian neighborhood of Ashton Oaks, a community of only 27 homesites, all on acreage, you're close to the conveniences of town with plenty of land & privacy.
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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