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.
Stunning Golf Course Views in Prestigious High Meadow Ranch. One-story custom home with 4 bedrooms, 4 bathrooms & 2 half bathrooms. Located on Two golf course lots totaling over 2 acres on the 4th fairway. Gated entry. Inside, a professional kitchen, Thermador refrigerator, separate icemaker, additional oven, oversized island w granite countertops and slate flooring. Formal dining and large breakfast room, media room, multiple built in desk areas, home office, TV with intercom and sound throughout the house. Staircase access to a HVAC and climate-controlled storage area above part of home. Outside, a 42 KW liquid cooled full house generator, water well for irrigation, whole yard sprinkler system, whole house outdoor mosquito spray system, porte-cochere, oversized, four car garage has a second staircase to additional storage above garage, Pool with hot tub, outdoor grill area, covered patio, sound system, and two fire pits, attached golf cart / garden equipment garage in backyard.
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