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3566 Sanctuary Drive
About This Property
The Alabaster has four bedrooms and three and a half bathrooms. The entry to this home features a graceful foyer that flows seamlessly into an elegant dining area, setting the stage for memorable family gatherings. The living area serves as the heart of the home where the spacious kitchen opens to the living and dining areas. The kitchen has a center island with quartz countertops and beautiful white cabinetry and stainless appliances including a stove, microwave and dishwasher. The primary bedroom is conveniently located on the main level and has an ensuite bath with a dual sink vanity, shower, and closet. The main level also has a half bath and laundry room. Features will include EVP flooring in the main areas, carpet in the bedrooms and upstairs hallways and quartz countertops.
There is an additional living area on the second floor as well as three bedrooms. Each bedroom has spacious closets and two share a full bath while the fourth bedroom has a private ensuite bathroom.
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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