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2641 Sarno Road
About This Property
Light and Bright Open Great Room Concept floor plan features: Amazing Kitchen with White Shaker Cabinets, Kitchen Island (w/electric), Solid Surface Countertops & Tile Backsplash, Stainless Appliances, Farmhouse style Light Fixture; Living Room with 9' Tray Ceiling, recessed lighting, 9' Triple Sliding Door to Large Covered Patio (w/footers to support close in); Luxury Vinyl Wood Look Plank Flooring & 5 1/4'' Baseboard throughout; A/C - Whole House Efficiency Filter; Smart Cable Panel; Walk-in Closet in Master, Front Exterior Soffit Lighting; Nice landscaping; Garage Door Opener & remote.
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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