3002 Quail Ridge Circle
About This Property
Inside, the home has been completely updated with a new roof, Anderson high impact windows, cabinets, professional grade appliances, HVAC units (4), generators, solar panels and more. A rare finished basement with a Faraday Cage surround provides a full additional living area, and the heated/cooled second-story space above the garage offers incredible extra storage or hobby space. With too many amenities to list, this one-of-a-kind property is a must-see.
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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