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27516 N 22ND Lane
About This Property
Step outside to a resort-style sanctuary where a custom, heated pool with water feature, a sunken above-ground spa with stone surrounds, an outdoor kitchen, and an extended covered patio with custom ceiling fans create the ultimate setting for relaxation and entertaining. The pergola and outdoor kitchen are enhanced with striking neon accent lighting, adding a sophisticated ambiance for evening gatherings. A side yard play area with artificial grass offers additional space for recreation and enjoyment. Additional highlights include OWNED solar for energy efficiency, a 2.5-car garage, artificial turf, pool cover, automated retractable awning, a new 75-gallon water heater, newer HVAC system, roof underlayment replaced in 2022 with a 20-year warranty, and new solar inverters installed in 2025. Ideally located with convenient access to I-17 and close to Norterra, Tramonto, schools, parks, shopping, dining and medical facilities, this exceptional property offers the perfect blend of luxury, comfort and convenience.
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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