225 PHOENETIA Drive
About This Property
This home has brand new roof, all new laminate and tile flooring, new lighting, fans, new in & out paint, all new kitchen: custom cabinets,granite countertops as well as in laundry room cabinetry with granite counter top, Samsung Brand Stainless Steel appliances, glass tile backsplash, new carpeting in Bedrooms, bathrooms have new vanities, tiled showers, lights, mirrors, faucets, shower heads, screened patio overlooking fenced backyard, sprinkle system with a well water supply and many more features. Property is close to shopping and located across from neighborhood pond, fishing pier, clubhouse, pool, playgrounds, ball fields, tennis courts, trails and sidewalks with a low monthly HOA fees.
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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