2275 Termino Avenue
About This Property
This home makes you feel as if you are on vacation when you are at home! Festive, landscaped backyard in a tropical like setting with fruit trees.
Custom designed saltwater pool. Party like atmosphere abounds with gazebo and saltwater spa on a wooden deck.
Home has been updated and upgraded including oak hardwood floors, crown moldings, copper plumbing, double pane windows, updated electrical, forced air heat and central air conditioning under a brand new roof.
Kitchen has been improved with travertine tile flooring, quality Corian counters, pebble backsplash, track style lighting, skylight and stainless sink.
Full bathroom with newer fixtures and a small guest bath or powder room.
Long driveway leads to iron gated area perfect for a travel van or small R.V. 2 car detached garage has been finished with drywall, abundant electrical outlets and tons of storage cabinets. Roll up style garage door and extensive lighting.
Small gated area behind garage contains a storage shed, pool, spa and sprinkler controls. This area could be converted to an herb garden.
Centrally located north of the traffic circle with lots of shopping and restaurants nearby.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 28, 2017 | Sold | ||
| Sold | |||
| Jun 15, 2017 | Listed by Coldwell Banker Coast Alliance | $555,000 | |
| Listed by Coldwell Banker Coast Alliance | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017