3600 PHILIPS DR
About This Property
When you enter the home you are greeted with engineered oak hardwood floors and a tiled double sided fireplace. The eat-in kitchen is open and modernly designed with a quartz waterfall island and backsplash, 36" Thor range, stainless steel appliances, pantries with rollout shelving on either side of the fridge. Off of the kitchen is a mudroom/laundry room which can be accessed from the garage as well. The primary bedroom has a large walk-in closet and a gorgeous bathroom with a sky light, stand alone tub, shower with 3 body sprays and double sink vanity. The basement is a walkout to the backyard. There is plenty outdoor space in the front and off of the kitchen. Come check out this beautiful home today!
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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