168 Martin Circle
About This Property
Nice clean home in the Willows, with no HOA, and on a navigable canal! This 3/2/2 has ceramic tile, and plank wood look tile - no carpet! Newer kitchen with granite counters, stainless appliances, cherry cabinets, and a snack bar. Impact windows and doors throughout. The double sided 90 gallon aquarium is seen form the eat-in kitchen and second bedroom. Enter the pool patio area, complete with a beach/sand box, and raised wooden deck. All fenced, and looking out to the canal. The metal roof is just 5 years new.
More amenities include tankless water heater ( 2015), new sprinkler pump 2018 (from canal), an 8 camera security system, and a safe in the master closet.
Pride of ownership shows in this home!
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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 Village Walk
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017