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3038 Royal Palm Drive
About This Property
nicely into the dining and living areas for entertaining. The bedrooms are a great size and the perfect place to unwind after a busy day. There is also an extra bonus/flex space with a full bathroom that can be used as an extra bedroom, additional living area, game room or home office. The perks of this home don't just stop on the inside. The backyard has a great in-ground pool with safety fence and the yard is well-sized and fenced, so it is a great place for playing, entertaining and it is the perfect canvas to turn this into the backyard of your dreams.
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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