30257 Trellis Rd
About This Property
This home offers a great floor plan with a spacious kitchen and pantry, separate dining area that is open to a nice-sized family room with brick fireplace. Off of the kitchen, you will find an indoor laundry area that fits a full-size washer and dryer. Three bedrooms can be found down the hall, off of the main living area: two secondary bedrooms and a guest bathroom with shower/tub, and a larger Primary bedroom with ensuite bathroom. The interior was recently painted, the common bathroom was updated approximately six months ago,new laminate flooring and a new septic system was installed about a year ago. Windows throughout the house allow for natural light to flow through the home.
There is a glass slider off of the dining room, leading to a covered, concrete patio and backyard where you can enjoy a summer evening outside, have a morning coffee, or tend to a home-grown garden. The entire property is fenced, with a lovely front yard, beautiful rose bushes and newly planted palms. The two-car garage and driveway allow for ample parking, including recreational vehicles. The community of Val Verde offers a recreation center with pool and a locally owned corner store.
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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