319 W OCOTILLO Road
About This Property
Inside, natural wood flooring grounds bright, open living spaces highlighted by skylights, dramatic vaulted and beamed ceilings reaching up to 16 feet, a white brick fireplace and custom built-in storage. The expansive kitchen makes a statement with a substantial waterfall island, generous cabinetry, open shelving and a strong connection to the main living areas and backyard. The primary bath features an expansive open wet-room design with a freestanding soaking tub, glass shower, floor-to-ceiling tile, penny-tile flooring, skylights and extensive built-in cabinetry.
More than 4,000 square feet includes the main residence plus a detached 709-square-foot guest house, offering excellent flexibility for guests, work or extended stays. The nearly 16,000-square-foot lot is equally compelling, with a pool, expansive covered outdoor living area, built-in kitchen and bar seating, artificial turf and putting green--creating a backyard designed to actually be used. West Ocotillo brings together larger lots, interesting architecture and the kind of neighborhood character that makes living within the 7's so appealing.
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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%.
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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