3524 Mccormick Woods DRIVE
About This Property
Welcoming Downstairs Layout includes an open living room & large kitchen with granite counters, 42 Inch Cabinets w/ under-mount lighting, pendant lights, independent dinning space, office space, master bedroom with its own full bathroom that includes a tub and stand up shower.
Sliding Glass Doors lead to the large POOL DECK with pavers and fully screened Pool Cage with SPA. Upstairs are the Expansive Primary Bedroom with new Luxury Vinyl Plank flooring, Tub and Shower En-Suite, Huge Walk-in Closets, HUGE Bonus Room, as well as 3 more bedrooms and 2 more FULL Bathrooms. NEW ROOF 2023, NEW APPLIANCES, NEW HEATING PUMP, NEW FLOOR UPSTAIRS. Gated community with Pool, Large Covered Area, Basketball Court, Playground, and Gate Access to the West Orange Trail.
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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