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3547 Sanctuary Drive
About This Property
This home features bright entry hall leading to the main living area. Garage access is conveniently located off the entry hall as well as a half bath. The living area has an open kitchen with peninsula bar and space for seating. EVP flooring is throughout the main level in all common and wet areas while each bedroom has carpet. White cabinetry is complemented by quartz countertops, and the kitchen will have appliances including a stove, microwave and dishwasher.
All bedrooms are upstairs, and the primary bedroom is located just off the landing overlooking the back of the home. It is perfect retreat and has a large closet and private ensuite bathroom with a large soak tub and separate shower as well as a dual sink vanity. The two additional bedrooms share a Jack and Jill bathroom with separate single sink vanities and a combination shower tub. The additional bedrooms are spacious and feature large closets for storage.
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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