1925 W Lake Drive
About This Property
de-sac. Located within minutes of I-85/40,Elon University and public and private schools, this brightly filled home has large windows in a quiet neighborhood. Includes a new roof, new upstairs HVAC and air handler, solid oak hardwoods downstairs recently professionally cleaned and stained, new carpet upstairs and freshly painted exterior and interior. Great flexibility with 4 bedrooms plus an additional office and 3.5 baths. Family room has
casement and Palladium windows with lots of light. Two primary bedrooms with ensuites-one on each floor. Downstairs primary has a skylight with two walk-in closets. Bathroom has a huge shower with ceramic tile, skylight and a walk-in tub. Kitchen has granite countertops and a large island with stainless
steel appliances with recessed lights. Large laundry room off the kitchen. Upstairs newly stained screened-in porch. Freshly painted deck with pergola. In addition to all of these amenities there is a whole house generator and a Rinnai tankless water heater! Come view this lovely 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017