16802 Charles River Drive
About This Property
The totals for all of the extras are detailed below. The grand total of the extra items is $223,971.00
Here are the files that show the equipment installed by ETC for the Cameras, Control Systems, Shades and Wireless.
Cameras - $5,755.76
Controls Systems - $72,166.47
Shades - $70,395.42
Wired and Wireless - $ 9,312.45
Change order for thermostats - $1,089.67
Total ETC equipment - $158,719.77
Plan specific options (Linen closet) - $ 250.00
Exterior pavers - $320.00
Exterior General including pool - $65,536.00
Summer kitchen gas and plumbing stub out - $2,370.00
Exterior general electrical - $1,280.00
Interior General (includes built in vacuum system, wiring for automation) - $66,880.00
Master Bath - $10,270.00
Bathroom 2- $2,560.00
Bathroom 3 - $6,005.00
Powder room - $470.00
Master bedroom - $1,390.00
Garage (Laundry sink) - $770.00
Great room - $ 5,980.00
Interior general - $1,550.00
Kitchen - $34,705.00
Laundry room - $ 2,660.00
Flooring - $ 29,715. 00
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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%.
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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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Property Highlights
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About Palm Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017