348 VALE Drive
About This Property
The inside of the home is equally amazing. The gourmet kitchen lies at the heart of the home and features a gas range, oversized counter and cabinet space, and a very large walk-in pantry all of which the serious cook will appreciate. Three of the bedrooms have their own full bath en suite, and the Owner's Suite has direct access to the screened lanai along with a gorgeous western view out to the lake. The photos further tell the story. A huge Master bath, beautiful formal dining with separate butler's pantry as well as a sunny family breakfast room annexed to the kitchen, nearby children's park, many other amazing community amenities, and terrific walking and biking paths out to the Intracoastal complete the picture. Easy to show, please visit soon!
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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