352 MONTSERRAT Drive
About This Property
The kitchen has quartz countertops, Frigidaire stainless appliances, updated backsplash, counter seating, 42'cabinets, a farmhouse sink and a gas range for the chef of the house. Tile flooring flows graciously throughout most of the home as does crown molding. There is a tankless water heater, a whole house generator, gutters, a whole house water softener, a whole house surge protector and the home is pre-wired for a security system. The expansive living and dining area has a modern flair and allows plenty of seating options for entertainment. The master suite has double sinks, a shower, a garden tub, a walk-in closet and views of the Preserve.
The roomy two car garage with added cabinets and shelving has ample room for beach toys and accessories. A paved screened in lanai overlooks the tranquil Preserve and spacious backyard.
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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