2985 CHASE RIDGE Drive
About This Property
enormous fenced backyard. Privacy awaits you as you spend time in the backyard sipping your morning coffee. There is so much potential to create your own backyard oasis with room for a pool and much more. If you need a place for your boat or camper, pull it behind the side double gate where there is a perfect spot waiting. There is a stand alone shed in the backyard for your extra lawn supplies and toys. This large corner lot with lush landscaping will not disappoint. The side entry garage with an oversized driveway is convenient for extra guests or family. The large indoor laundry room is a great stop and drop area before entering the main part of the home. If water views, kayaking or canoeing is for you, the neighborhood has its own dock with serene water views. Both roof and air conditioning has been replaced in 2016. Newer toilets and a garbage disposal has also been recently installed. The gated community of The Villages of Fireside is an ideal place to call home!
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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