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2395 Lakeview Drive
About This Property
Open floor plan...eat in kitchen...living room opening to a large Florida room. Anderson hurricane windows updated in the front of the house. Plumbing has been updated. New electrical box and updated wiring. Security system. Metal roof, hurricane shutters, sprinkler system. Very private, fully fenced extra large back yard with patio and flowering trees. Centrally located. Close to the beaches, shopping and schools.
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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