200 Michaels CIRCLE
About This Property
Each villa has its own covered carport with storage. This unit has a large front fenced patio with a sliding glass door that opens to the dining room. Inside the front door you will find a spacious living & dining room combo with vinyl plank floors, that opens to the air-conditioned Florida room. The galley style kitchen is very functional with lots of cabinets and counterspace. The refrigerator was just replaced in 2021. In the hallway is the laundry closet with full sized washer and dryer. On the east side of this split floor plan is the large primary suite with walk in closet and en-suite bathroom. The primary bathroom features an oversized vanity, walk-in shower, and two more closets. On the west side of the home there are two more well-sized bedrooms that share a full bathroom with a tub/shower. This home has been lovingly cared for by the same owner for over 25 years. 2022 the Electric panel and all the A/C ducts were replaced. Water heater was updated in 2022. This home is ready for a new owner finish cosmetic updates and make it their own. Schedule your showing today before this opportunity is gone! Room Feature: Linen Closet In Bath (Primary Bedroom).
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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%.
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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.
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About East Lake Woodlands
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$2,600 /mo
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- 1,320 ft²
$3,000 /mo
- 3 Beds
- 2 Baths
- 1,320 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017