331 Lytle Street
About This Property
The living area has built-in bookcases and there are French Doors to the Florida Room. The garage has been enclosed so no car in there, but it's perfect for storing bikes and more. The backyard features a patio and tropical landscaping.
Location is quite close to restaurants including Havana, Don Ramon's and Wattana Thai. South Olive Elementary School District and just 2 ½ blocks to the waterfront promenade along Flagler Drive.
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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 Broadmoor
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017