3214 Bay Estates Circle
About This Property
New Custom Pool, Spa, Summer Kitchen, Porch and Fire Pit were also Recently Added. Private Main Floor Bedroom with His & Her Closets, New Bathroom, Fireplace and a 2nd Bedroom Suite are located on the First Floor.
Renovated Spacious Kitchen with Quartz Counters and Top of the Line Appliances Opens to the Sun Room and Expansive Living Room. 2nd Floor has a Theater Room for 12 to Watch All the Games and Movies, Along with 5 Guest Bedrooms Each with Their Own Bath.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017