209 N LAKE DRIVE
About This Property
The interior has already been taken down to a clean slate, with all new subfloor, making it ideal for investors or buyers looking to customize their finishes. The home features a spacious living area, split-bedroom layout, and a large primary suite with private bath. Kitchen and baths are ready for redesign, allowing you to create exactly what today's market demands. Solid roof, solid electrical, solid plumbing, solid HVAC
Outside, enjoy a quiet setting surrounded by mature trees, offering privacy and room to expand or enhance outdoor living. A detached shed provides additional storage.
Whether you're looking for your next flip, rental, or affordable primary residence project, this property offers strong upside in a desirable Milton location just minutes from beaches, shopping, and Route 1 access.
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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