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2273 Bayview Ln
About This Property
The custom Italian kitchen by Italkraft is appointed with premium European cabinetry, an oversized island, coffee bar, stone countertops, and top-of-the-line appliances. Spa-inspired bathrooms feature limestone and marble finishes, custom cabinetry, and designer fixtures, while custom closet systems are found throughout the home.
The resort-style backyard is designed for year-round entertaining with a heated saltwater pool, custom motorized StruXure pergolas with integrated lighting, a summer kitchen, and multiple outdoor living spaces overlooking the water. Additional highlights include impact windows and doors, a backup generator, tankless water heaters, Smart Home technology, updated two-zone air conditioning, and numerous high-end upgrades throughout.
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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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About North Miami
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017