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3702 Midway Gardens Drive
About This Property
High ceilings invite an abundance of natural light throughout the home, creating a vibrant atmosphere. When it's time to unwind, the primary suite serves as a true sanctuary, boasting dual walk-in closets and a spa-like bathroom with double vanities, a deep soaking tub, and a separate shower.
Step outside to the covered patio to enjoy the expansive, fenced backyard, offering plenty of room for outdoor living and recreation. With its thoughtful design and generous proportions, this home is ready for its next chapter.
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017