253 Secret WAY
About This Property
The kitchen has tiered cabinets, with granite and butcher Block island. The French doors lead out to the tiled enclosed patio overlooking the canal. Imagine coming home catching your own fish grilling it up and having drinks on your patio . Both bathrooms have been redone and the house is all tiled. The AC was replaced 2 years ago along with the hot water heater. This house is 1 of 2 homes with the largest lot on the street. Property is located within an hour from Disney and the beaches. Conveniently located with nearby restaurants, grocery stores ,home depot and churches. The park is less than a 1/2 a mile away with basketball tennis racquetball and the playground with kayaks for use on the chain of lakes.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017