1617 RUXTON ROAD
About This Property
Floor plan has been opened up and a bath added by the current owners.
Beautiful new LVP flooring runs through the main level. The large living area gets plenty of natural light. The eat in gourmet kitchen has granite counters, new stainless steel appliances, custom backsplash and center island. Stacked laundry is also in this area. The sunroom/family room addition which could double as a bedroom has an exit to the yard. Full bath has been added on this level.
Upstairs 3 bedrooms all have ceiling fans and share an updated luxury bath.
The flat fenced backyard offers a ground level deck and shed plus an extra long driveway to store your boat!
Roof is one year old, appliances are 2 months old.
London Towne HOA includes parks, playgrounds, beaches, ramps, docks and a Community Hall. The Association maintains the clubhouse and the two and a half miles of shoreline, all for a low fee of $80 annually.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017