33 Cherry Laurel Drive
About This Property
The place is packed with smart features like dual pane windows, two central AC units, and a smart thermostat to keep things comfy all year round. The recessed lighting and cool architectural touches set the mood just right. On the first floor, you'll find a comfy bedroom and a Jack-and-Jill bathroom that leads to another bedroom and the garage. Head up to the second floor, and you'll find a super chill living and dining area that's perfect for hangouts, along with a modern kitchen that's ready for action.
On the third floor, there's a luxurious master suite with a private porch, where you can enjoy amazing sunset views through the pines. There's also another bunk bedroom up there for extra space.
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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