39
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159 Esther Drive
About This Property
As you step inside, you're greeted by an abundance of natural light and a seamless flow of space. The open living area exudes warmth and sophistication. The kitchen features beautiful quartz countertops, stainless appliances, and ample storage.
Retreat to either of the TWO master suites, with luxurious ensuite bathrooms, for the ultimate escape.
Outside, paradise awaits in your own tropical oasis. Surrounded by lush landscaping, the expansive patio is the perfect setting for al fresco dining or simply unwinding with a glass of wine as you watch the sunset over the water. As a bonus there is a small potting shed/art studio complete with electric to enjoy your hobbies.
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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 Forest Isles
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017