2314 Overlook DRIVE
About This Property
Expansive 1/3 acre lot offers privacy and is partially fenced with room for expansion or pool. The garage has two wall/window AC units and is wired for kiln and compressor., Septic tank replaced 2020, Reps H2O Salt water system, NEW natural gas tankless hot water heater and whole house Generac generator 2022 with 5-year warranty. Exterior painted 2021, Metal roof 2018, HVAC 2015. Security system, ring doorbell & quantum fiber box conveys. Some electrical and plumbing updates and some windows have been updated. Some furniture and artwork are negotiable. Centrally located close to all amenities!
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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