265 Malibu Circle
About This Property
Nice home on one of the largest lots in the subdivision! Wood tile plank floors throughout (no carpet). All Impact windows,
except sliders and french doors, which have panel shutters for hurricane protection. Roof is a high quality shingle, and is just 5 years new. 2nd bath has been updated, but master is original. All Gas appliances (range, hot water heater, and dryer). Nice community in a convenient location!
''$3000 Buyer Credit with Seller's Preferred Lender, Andrew Novak of Choice Mortgage Group, when using Choice Gives Back Community Program.'' Call LA for more info
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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%.
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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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About Olive Tree
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Currently no similar homes aroundNearby Rentals
$10,000 /mo
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$2,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017