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3213 Park Vista Drive
About This Property
The covered front porch is such a tranquil space to enjoy the natural surrounding beauty with friends and loved ones. The large living room is filled with natural light via the preserved multi-pane windows which highlight the beautiful wood flooring and elegant fireplace heath. The dining room is large as well and enjoys the view out over the front grounds. The bright kitchen opens to the large den which can also flex to a guest room and office. Each of the elegant bedrooms are spacious with the tastefully updated bath between them.
The rear grounds have been a wonderful place to entertain the extended family and guests, while also providing space for a raised gardening bed along the rear wall. Off the garage is a small structure that has proved invaluable as an art studio and laundry. Just a few of the features include updated copper plumbing, a newer 200amp electrical panel, a newer roof, a new tankless water heater, an updated central air and heating system, and the award-winning schools of this special neighborhood.
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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