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3446 Farragut Place
About This Property
has just been painted. Tile and laminate of the best quality greet you as you enter. The layout is fabulous. Home features an air conditioned Florida room which opens up the home so beautifully. The kitchen has been upgraded with extra custom cabinets. Granite countertops, double sink and stainless appliances. The master suite has a jetted tub as well as granite counters and a large walk-in shower. Also a Tray ceiling makes this wonderful sized room even more inviting. An 18 sear Trane air conditioner is less then 3 years old with a warranty to be transferred to the new owners. The exterior has roll-down and accordion hurricane shutters!
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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 Heritage Isle
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017