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3016 FOREST Circle
About This Property
Private owners suite has vaulted ceiling, sitting area, wood floor, double atrium doors to lanai, travertine tile, his & her granite vanities with framed mirrors above, spa soaking tub, steam shower with glass tile, multiple shower heads, & seat, his & her walk in closet with dressing mirror & custom closet system, & private courtyard/ morning garden.
Exterior features include full stucco exterior, decorative glass doors at entry, oversized court yard entry 3 car garage with storage cabinets, salt water system heated pool with spa & water feature, summer kitchen, flagstone paver lanai, new architectural shingle roof in 2016, irrigation system, & fenced rear yard. Convenient Beauclerc location makes this a great 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