2545 Cypress Point Circle
About This Property
The bedroom adjacent to the master is a great size and enjoys its own full bathroom. Down the hall on the other side of the home are 2 additional bedrooms with a jack and jill bath with a separate entrance to the shower/tub and toilet for added privacy. Both bedrooms are spacious and have good sized closets.
The home also features: 2 tankless water heaters, 2 HVAC's, Plantation shutters throughout, 10ft ceilings throughout (upstairs and downstairs), the entire home has been repainted on the exterior and interior, crown molding in all living spaces, and the lawn has a sprinkler system utilizing well water and the front yard has beautiful landscape lighting - recently added along with new landscaping.
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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