209 GLENDALE ROAD
About This Property
Offering an open layout with abundant glass, there is plenty of natural lighting throughout the floor plan. Two primary suites with cathedral ceilings and private baths along with 4 bedrooms offering direct bath access allows comfortable sleeping for 12 plus. The large great room with fireplace and cathedral ceiling features a beautiful wall of windows overlooking the lake. The adjoining kitchen and dining areas provide additional space for gatherings and meals. On the lower level, a family/game room with fireplace includes a second refrigerator and direct lower deck access.
The newer two level decking system offers unobstructed views and direct hot tub and fire pit access. Great lake views are available from both levels providing beautiful sunrises and evening shade.
For those looking for rental income, this property known as Stone Crest knocks it out of the park, averaging over $105,000 in annual gross rental income over the past 3 years.
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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