194 PRAIRIE RIDGE Drive
About This Property
This immaculate move-in ready home offers an open floor plan for family gatherings and split bedrooms for privacy. The kitchen provides a breakfast bar, stainless steel appliances, granite countertops, and pantry with wood shelves. The living room leads to a screened-in lanai with newer windows to extend your living space. The fully fenced backyard is multi-functional offering a paver patio, grill space and newly planted landscaping.
The master suite is spacious with large closets and large walk-in shower. Both bathrooms have tasteful granite countertops. New laminate flooring can be found in the living room and bedrooms. This home is well-maintained and located within minutes of shopping and schools in the desirable St. John's County school system. system.
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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