16018 Splitlog DRIVE
About This Property
The kitchen/dining combo is perfect for entertaining or relax out back in the lovely screened in lanai. Nice fenced in backyard perfect for BBQ's and gatherings. Newer AC (2018), Roof (2013), remodeled screen porch. This home is zoned for great schools and conveniently located near shopping, dining and major expressways it's an easy commute anywhere. This property is ideal for someone looking to downsize, buy their first home, or as an investment property. No HOA! You don't want to miss out on this opportunity. Come make this home yours today!
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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 Northlakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017