2438 Colorado Drive
About This Property
A nice storage building provides an ideal workshop or extra storage space, and the 2-car garage also offers additional storage cabinets that may remain with the property.
Additional highlights include a huge primary suite with two walk-in closets, a good-sized walk-in shower, and a soaking tub. This home offers a downstairs bedroom and a full bath, a dining room with a custom cove ceiling, an open kitchen layout with granite countertops, stainless steel appliances, and a walk-in pantry. ''NEW'' LVP flooring throughout the main floor, carpet upstairs, and fresh neutral interior paint as of 2022.
Located in a quiet, desirable neighborhood, this home combines comfort, functionality, and flexibility that we all look for. Residents also enjoy fishing in the large, homeowner-maintained common-area pond. This home is a must-see.
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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