36 ALGONQUIN ROAD
About This Property
The generous primary bedroom boasts not one, but two closets, providing ample storage space. The home's kitchen and bathrooms have been thoughtfully designed, while the backyard is a true highlight. Step outside to a multi-level deck with a built-in wood fire oven, perfect for cozy outdoor gatherings. The fully fenced yard adds privacy and security, making it a great space for pets.
Located in the desirable, water-oriented community of Algonquin, residents enjoy access to a private community boat launch and dock-ideal for boating and water activities-as well as a scenic community recreational area perfect for picnics, play, or relaxing by the water.
This home truly blends spacious living with modern amenities, and its layout is perfect for hosting guests or simply enjoying everyday comfort. Don't miss the opportunity to make this gem your own!
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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