221 Lovers Path Drive
About This Property
Located in Parkplace Village, this development backs up to Walnut Creek and the City Park. You are right around the corner from walking trails, a playground and green space.
The exterior was recently painted in Fall of 2024. Storage shed in the back yard is perfect for yard equipment to free up garage space.
All information is deemed reliable but not guaranteed. Buyer or Buyer's Agent to verify lot dimensions, schools, listing information, etc.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017