237 TRADE WIND Lane
About This Property
This beautiful home has been lovingly maintained by the same owners for almost 20 years. They have done a nice job on keeping up on the maintenance of the home. Some of the updates include: Roof replaced in 2019, blown insulation, plumbing has been updated with copper pipes replaced, replaced the concrete driveway with beautiful pavers. NO HOA. Short-term rentals are allowed, but with a house this amazing you may have a difficult time sharing with others!
House was high and dry during Hurricanes Matthew and Irma.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017