3205 NW 38th Avenue
About This Property
Enjoy the convenience of an indoor laundry room, adding to the practicality of daily living. The master bedroom is a retreat with a double vanity, a generously sized walk-in shower, and a relaxing garden tub in the ensuite bath. This residence is bathed in natural light, creating a bright and airy atmosphere. Each bedroom has a large walk-in closet. This home is a short distance from schools, shopping centers, and the hospital, offering both convenience and accessibility. Whether you're a first-time homebuyer or looking to upgrade, this property combines comfort, style, and practicality for a delightful living experience.
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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 Okeechobee
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017