25
Map
1997 Par Drive
About This Property
Enjoy peace of mind knowing this neighborhood maintains a high standard of living - single-family homes only (minimum 1,200 sq. ft. heated and cooled). No mobile homes, stilt houses, modular builds, campers, or RVs are permitted. Outbuildings or sheds are allowed only once a primary residence is completed on the lot, ensuring a consistent, well-kept community look and feel.
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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