243 Bay Tree Drive
About This Property
Experience the charm of a freshly painted interior (2024) and peace of mind with a brand-new roof installed in April 2023. This home boasts a modern water heater, sleek stainless steel appliances, elegant quartz countertops and backsplash, and stylish luxury vinyl plank (LVP) flooring-all updated in 2023. The HVAC system was also upgraded in 2022 for optimal comfort.
The open floor plan creates an inviting atmosphere, while the fenced yard offers privacy and security. An updated sprinkler system and a delightful screened patio provide the perfect setting for outdoor Entertainment.
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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