200 Open Sky Drive
About This Property
A spacious laundry room and oversized drop zone provide the kind of functional space that helps keep busy households organized. The 3-car garage - a less common feature in the neighborhood - offers added flexibility for extra storage and everyday convenience. Step outside to an extended patio with a pergola overhead and plenty of room to enjoy evenings around a fire pit or relax outdoors year-round.
Residents of Morningstar enjoy resort-style pools, playgrounds, soccer fields, fishing ponds, and miles of hiking and biking trails, creating a community designed for an active lifestyle and connection with neighbors. Located within highly acclaimed Aledo ISD, this home offers the ideal combination of comfort, functionality, and community living.
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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.
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About Lakewood
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017