2307 L'ATRIUM Circle
About This Property
*Garage door and opener replaced- estimated 2015
*Washer and dryer - 2016
*4 new ceiling fans 2016
*New Refrigerator 2020
*New landscaping 2016
*Slider doors and windows serviced 2018
*All new hardscape and landscaping in Atrium and Back lanai in 2017
*Floors buffed and matte finish 2021
*Spray foam insulation in 2018- both attics
*Honeycomb shades - cordless lift system blinds 2016
*New interior doors 2016
*Shower glass in bathroom 2016
*Carpet 2021
*2021 completely new chimney fireplace and fireplace stone ($8,000)
*Hot Tub 2017
*Irrigation is on a well
*Replaced screens on back lanai and added screen and super gutter to small (atrium) side patio 2016
*Wired landscape lighting- 2017
*Installed skylights 2015- 2016
*Critter caps - 2021
*2016 had all windows and doors serviced
*2016 new backsplash in kitchen and stainless shelves
*Installed barn door and barn door mirror in master 2016
*HVAC compressor electrical panel/defrost Board replace 2016
*New pump on hot tub- and heater and panel and chord - 2020
*Gutter covers- Leaf Filter - 2018
*2016 hardiboard painted
*Custom Bahama shutters in front - 2016 - fully functional
*Super gutter installed where roof meets screen in back
*2016 water softener
*With Nadars - termite bonds (Sub and Attic); sentricon; wildlife and pest control.
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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