2601 SE 29th LANE
About This Property
approach this beautiful home you will be welcomed by the rockers on the oversized Front Porch. Upon entering you will see a large Office/Den to your right and formal Dining Room to your left, that is currently being used as the kid's TV/play room. Directly in front of you is the Living Room that overlooks the gorgeous brick paver back Lanai and Pool. Follow the path to the 1/2 bath so you never have to worry
about wet feet on your floors again. To the left of the Living Room is the recently updated Kitchen with all wood cabinets, Quartz countertops, marble backsplash and LVP flooring. You can't miss the oversized center island with the power strip down the back. Walking further into the home you will find a split bedroom plan with the Master bedroom off of the Kitchen and the 3 guest rooms and updated guest bath down the hall to the right. Inside the Master Suite you will find two large walk in closets, one with built ins, and direct access to the back lanai.
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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