252 COLORADO SPRINGS Way
About This Property
Welcome home to this adorable house on a preserve lot. It has vaulted 10ft ceilings and a wide open living room that leads right into the dining and kitchen area. With granite countertops and an island, the combined kitchen and living area makes the space perfect for cooking and entertaining. On cool nights you can also open the door directly to the covered lanai to create extra entertainment space and with the preserve you get privacy without looking into someone's backyard. The kitchen separates the master bedroom from the 2 guest bedrooms which makes it feel like it's own suite separate from the rest of the home. The laundry room is right off the kitchen and there is plenty of space to put cabinets above your washer and dryer for extra storage space. The front porch is perfect for an extra conversing and an outdoor sitting space. The amenities are a great addition to your new home allowing you to use the pool, playground and fields all within your own community. This home is only 7 years old so all systems are newer!
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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