16420 Martingale Dr
About This Property
Upon entering, you are greeted by plank tile floors and vaulted ceilings that flow seamlessly throughout the main living areas. The expansive family room, provides a welcoming atmosphere for both relaxation and entertainment. The kitchen is a chef's delight, boasting granite counters, black appliances, granite sink, and custom backsplash, ensuring a functional and stylish cooking space.
This home underwent significant updates, enhancing its overall appeal. The finished basement adds valuable living space, perfect for a home office, gym, or additional recreational area.
Situated on a large lot, the property offers plenty of outdoor space for play. This home also features new paint on the exterior, with new paver patios for outdoor entertaining. The combination of a spacious interior and a generous exterior makes this home a rare find in the Parker area.
This property is conveniently located near local amenities, schools, and parks, providing a balanced lifestyle of comfort and convenience. Do not miss the opportunity to own this home in a sought-after community.
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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