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221 Mockingbird Meadows
About This Property
The home has undergone EXTENSIVE UPDATES, including a new electrical panel and wiring, new HVAC system and ductwork, new plumbing from the kitchen to the septic system, new rain gutters, flooring, cabinets, lighting, and interior paint, along with newer windows and a newer roof. It also includes a brand new tankless water heater. The open concept floor plan creates a bright and inviting living space, while the well designed laundry room provides additional functionality and convenience.
Outside, the long driveway offers exceptional parking space and leads to a newly built two car carport complete with lighting. Mature trees provide shade and added privacy, while the oversized backyard offers plenty of possibilities for entertaining, relaxing, pets, gardening, or future outdoor improvements. The shed in the backyard has electricity and water access. No HOA
Existing survey is on transaction desk.
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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