2016 Toby LANE
About This Property
No carpet! Tile, terrazzo, and stained concrete floors flow throughout the renovated home. A beautiful, freshly updated kitchen featuring new backsplash, countertop, and sink is sure to please any cook. In the back of the home you will find the living room, with a door leading to the fenced backyard. Outside you will find shade, grapefruit, lemon, and lime trees. Relax and cool off in the 16x10 above ground pool.
Back inside, there are 3 bedrooms along with 2 bathrooms that were recently remodeled. Additional noteworthy upgrades: Fresh interior and exterior paint (2023); Septic System (2022); Double-Pane Windows (2023); Tankless Gas Water Heater (2023); Front Door (2022); Shed (2023); Blinds (2023); Light Fixtures (2023). Updated plumbing and electrical. Schedule your appointment to see this home today!
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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 Spring Lake Manor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017