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231 Sparrow Point
About This Property
*Impact windows: Dining room, Office, Bedroom and Over Front Door 2025.
*Roof - 2021
*HVAC - Trane® 2020 (serviced 2x per year)
*Water Heater 2020
*Cooktop - GAS Bosch® 2020
*Oven - GAS Bosch® 2020
*Dishwasher - Bosch® 2020
*Microwave - Bosch® 2020
*Refrigerator - GE® 2020
*Washer - LG® 2017
*Dryer - LG® 2017
*Hulett Environmental Services - 2020 (serviced annually)
Home Features:
*Royal "SOLID" Wall Construction
*Crown Moulding Throughout
*Roll Down Shutters on the Lanai
*Accordion Shutters
*Central Vacuum
*Split Floor Plan
*Office / Den - Convertible 4th Bedroom
*Meditation Garden & Pond
*Large Covered (Under roof) Lanai
*Lush Landscaping
*Zoned Sprinklers
*ADT Alarm
Buyer pays 1 time capital contribution to HOA at closing of $1,350.
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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