2109 Ivy Drive
About This Property
This 4 - bedroom, 2 - bath home is located on a quiet dead-end street with peaceful woods at the end of the street. It features an open floor plan with a spacious kitchen, large island, stainless steel appliances, and a gas range. The enclosed patio is under air but not included in the tax rolls, offering extra living space. Flooring includes both tile and carpet. A 1-car garage completes this comfortable, well-kept home. Convenience is the key! Located minutes from shopping & restaurants. Less than an hour to Orlando, 20 minutes to the beach and Kennedy Space Center.
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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