31 NORTHGATE Drive
About This Property
Renovated in 2016, this home takes advantage of amazing lake views from most living areas. The vaulted ceilings in the LR provide lots of light and make the house seem larger than the stated SF.
The spacious kitchen provides the chef in the family with lots of room for fabulous meals.
Prior owners have enclosed a screened porch into a comfortable den and an atrium into a home office space.
The primary bedroom and adjoining bath are spacious and quiet.
No insurance issues w/ a new roof.
The seller desires a post-closing occupancy to the end of November.
Club amenities are available through separate app. and approval for membership.
New roof installed 8/31/23
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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