342 SILVER REEF Lane
About This Property
The common areas boast elegant tile flooring, while the bedrooms are newly carpeted for added warmth and coziness. The owner suite is a true retreat with a separate garden tub and walk in shower, providing a spa-like experience. The front room serves as an ideal guest suite, complete with its own private bath.
Enjoy outdoor living on the screened lanai, overlooking a large backyard, perfect for relaxation and gatherings. The community enhances your lifestyle with fantastic amenities, including a community pool and a fitness center.
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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