2 LARCH Run
About This Property
You'll have expansive views of the front yard with mature trees, and lots to enjoy in the fully, fenced backyard from your screened in lanai, with an array of fruit bearing trees including loquat, orange, lemon, peach, apple and avocado! No additional water fees to keep your lawn and garden green due to having your very own private well with NEW Well Tank!
Inside, the kitchen is outfitted with Whirpool appliances and all bedrooms have upgraded Berber carpeting. The primary bedroom features a 55" Samsung Smart TV, en-suite bathroom with shower and walk -in closet. The 2 additional bedrooms in this split plan are spacious and bright with the second bathroom featuring a $15k Safe Step Walk-In Tub!
Your new home also includes a NEW Aluminum Fence, BIG 2 - car garage, washer and dryer, utility sink, rain gutters, and garage door screens to enjoy the summer breeze as you dabble at your work bench! And, unlike new communities, NO HOA FEES!! So, bring your RV, Boat and other Toys as there is plenty of room to store them here!! Hannity Homes built that's better than new, live in an established quiet neighborhood tucked away, yet near it all!
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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