21 Rawlings Drive
About This Property
Other Recent updates and improvements include: Roof (10 years), Andersen windows (5 years), Siding (5 years), and brick/masonry (5 years), Pavers and Driveway (5 years), Tankless Navient heating and hot water system (5 years), Whole-house water filtration system, 200-amp electrical service, HVAC system (7 years), Heated bathroom floors, 4-inch red oak hardwood flooring throughout (approximately 10 years old), 15-zone in-ground sprinkler system
Located within the Half Hollow Hills School District, this property offers a combination of generous interior space, a large private lot, and a convenient location.
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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 Melville
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$3,475 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017