1866 DISNEY ESTATES CIRCLE
About This Property
The spacious finished lower level expands the home's versatility with a full bathroom, new porcelain tile flooring in the mudroom and basement bathroom, luxury vinyl plank flooring on the basement stairs and throughout the basement, recessed lighting, and a water heater that is less than one year old.
Upstairs, the primary bathroom has been extensively updated with porcelain plank flooring, a new vanity, and new tile in the stall shower and surrounding the soaking tub. The additional full bathroom also features a new vanity, porcelain plank flooring, and updated shower/tub tile.
Additional improvements include upgraded electrical with a 50-amp 240-volt outlet in the garage, a 60-amp 240-volt exterior outlet, additional electrical circuits added to the panel, and one heat pump replaced in 2014. Combining modern updates with functional living spaces, this home is ready for its next owner to enjoy.
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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