3345 BISHOP ESTATES Road
About This Property
Satsuma tree, olive tree and blueberry bushes abound in picturesque private fully fenced backyard. Flat ceiling in dining rm ready for custom mural painting. Windows replaced in 2016. (New panes ordered for some slightly fogged windows). Built-in glass cabinets in kitchen. Indoor controls for pool & hot tub. Full irrigation and outside lighting. Gas fireplaces (3), built-in shelves & entertainment center. Master SUITE complete w/custom built-in dresser, double vanity, frameless walk-in shower & garden tub with built-in jacuzzi jets. Bonus room features built-in shelves, 5-speaker surround system & recessed lighting. Metal Roof replaced in 2019 with Lifetime Warranty. Recently replaced HVAC upstairs (2021) and downstairs (2016). Tankless Gas Water Heater replaced (2012).
**Pool table, accessories with bar stools & high top tables/bar stools will convey with acceptable Offer. Juke box & Theater sign do NOT convey.**
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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