305 White Road
About This Property
Outside, enjoy a deck overlooking the fully fenced yard with a brick patio, providing excellent space for outdoor entertaining and relaxation. A detached 2-car garage offers convenient parking or storage. Additional features include some newer windows and updated gutters.
Located in Mineola, this home offers convenient access to nearby parks, beaches, shopping, dining, transportation, and everyday amenities. Deeded beach rights add an appealing recreational benefit to this well-located property.
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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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About Mineola
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017