2224 FORT MELLON Court
About This Property
This gorgeous craftsman style home has curb appeal that will draw you in as soon as you pull up to it. The open and split floor plan overlook a large landscaped backyard with a tranquil lake view. Home has newer roof and Newer A/C unit. Location is prime due to the Amenity Center being so close to the home. Home has cementitious siding, Stucco, and gutters to appeal to lower maintenance needed buyers.
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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