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Map
2398 S Lima Cir
About This Property
It will feel like home when you walk in. Plenty of space for everyone, yet cozy at the same time. And enjoy entertaining in your large backyard as the house sits on a 15,000 sq. ft. lot!
Everything has been well maintained but could use some cosmetics to make it your own! Being priced at 20% below the top of the market comparable sales gives you some instant equity with a little elbow grease! Newer water heater, furnace and ac installed in 2018.
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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