1669 Promenade CIRCLE
About This Property
at one corner of the home, two guest bedrooms and guest bathroom at opposite corner of home, and 4th guest bedroom with guest bathroom at adjacent corner of home. The master bedroom suite features large walk-in closets and an updated bathroom with soft-close cabinets, Quartz countertops, and a walk-in shower. Fourth bedroom suite offers a perfect "in-law suite" opportunity. All rooms are very generous in size! Triple sliders lead from the living area to the pool lanai. Gorgeous views of the pond with fountain, surrounded by conservation. Paver driveway and stunning landscaping. Other great features include a water softener, central vacuum system, and safe room. Termite bond in place. Water heater and AC updated in 2019. New screen enclosure in 2014. A must see!
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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