204 Secretariat Drive
About This Property
The kitchen has all new cabinets, counter tops, sink & fixtures, disposal, ceramic tile floor & top of the line refrigerator, microwave, dishwasher & smooth top oven. Both bathrooms have new counter tops, sinks, fixtures, lighting, toilets and ceramic tile floors. New brushed nickle door knobs, dead bolt locks & lighting throughout the home. Just painted inside. New carpet in the living room, dining room & bedrooms. New garage door opener. NEW ROOF.The Home is corporate owned. President of HOA is Lic. Agent.
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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