3683 Garrett Drive
About This Property
Open floor plan for entertaining. Great room has hardwood flooring. Inside laundry room.
Master bedroom has closet with built ins. Master bathroom offers both walk in shower & Jacuzzi tub / granite counter tops & double sinks.
Buy today.. Seller would like to lease back for 6 - 8 months. What a great tenant a new owner would have.. a family who shows pride of ownership. Buy at today's prices and low interest rates and get a rental income while your home equity is being built.
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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