2440 Grassmere Drive
About This Property
Air duct have been cleaned & exterior sealed & painted,professional roof cleaning, Grout steam-cleaned and sealed throughout house, new toilet seats. New paver pool deck & pool refinishing, new pool tile & multicolor light, new pump, filter, new Saltwater system, ,new rescreening of pool area,pressure spray & seal pavers, Owners Bed & Bath upgraded tile floor, new cabinets, new Silestone counter, custom sinks & faucets, tiled shower with decorative inserts & surround glass, & spa tub. Kitchen has new fridge & Dishwasher. Coffee/wine bar remodel. New 200 Amp Electric Service, & so more. This home will go fast, don't wait!
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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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About Brandywine Estates
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$2,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017