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3283 Echo Ridge Place
About This Property
As you enter through the front door to the great room, you'll notice the updated tile, and vaulted ceilings. The kitchen features stainless appliances, sealed butcher block counters, a center island with additional large stainless sink. The master bedroom features his and hers walk in closets, walk in shower, and double sink vanity.
The huge screened back porch connects with the pavered deck and 2018 16k gallon pool, with views of the lake directly behind the fenced yard. 10x20 shed w/ power. 4 camera security system included.
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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