285 Outer Drive
About This Property
Desirable active 55+ community where you OWN THE LAND has the perfect home for you. Don't let the one bathroom make you look away, It is accessible from the hall and master bedroom. Can be converted back into 2 bathrooms easily! It is oversized with a walk/roll in shower and raised commode as well. This 2 bedroom home has been completely renovated and it is ready for you to move in year round or just during the winter months. The brand new kitchen has a large island, white cabinets, plenty of space on the granite countertops and new appliances. New vinyl planking floor and 5'' baseboards. Walls and ceilings are freshly painted and no paneling. Brand new AC unit. Roof and Carport are approximately 4 years old. Home features a shed for storage. Sit out front in the screened in porch to greet the neighbors or grab a chair and sit on the back patio to watch the wildlife living in the preserve.
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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