296 Echo Circle
About This Property
Located in the one of the, if not the most, sought after neighborhoods in town. Famously known as the Luminaries neighborhood or Christmas neighborhood. Every year during the Holiday season, the majority of homeowners partake in this special event by decorating their homes with spectacular lights and creative light shows, lighted lanterns along the front of their yards along with fun and beautiful yard and roof
displays. People come from miles away to view the beautiful and fun event. Even a jolly white bearded man in a red suit makes an appearance on a fire truck. It's equally as fun and exciting as "THE" neighborhood to go trick or treating.
The one car garage is deep, but also has 2 AC vents, currently shut, but could be opened to cool or heat the garage if you wish to do some work in there, or perhaps enclose it as another living space to increase your square footage. The AC vents are already there to make that an easy transformation. Roof is approximately 2 years old. All dimensions are deemed accurate, but buyer should verify any and all information important to them. This home is being sold As Is.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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