172 CAMDEN CAY Drive
About This Property
large laundry room with cabinetry and a utility sink. The kitchen as new granite counters, 42-inch cabinets, stainless appliances, tile backsplash, brand new garbage disposal (March 2023) and separate water heater for the kitchen sink. The primary bedroom has a double tray ceiling, a bay window overlooking the yard, lots of light and a walk-in closet with built-in organizer with shelves and drawers. One of the guest rooms features a murphy bed that conveys! Outside you will enjoy that large covered and screened patio with views of the nature, or maybe watch the installed outdoor TV. Step away from the patio and enjoy cool nights in front of the fire pit. The home has been lovingly maintained with AC (2020), newer water heater and water softener, and washer (2021) and dryer. 5-year termite bond was just renewed! This home is 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