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3830 GLEN EAGLES DRIVE
About This Property
The $605 HOA fee includes water/sewer, gutter cleaning, lawn maintenance, snow/trash removal, basic cable and internet, reserves, and access to community amenities-clubhouses, pools, fitness, dining, pickleball/tennis, art studios, and events. (Golf membership available, not included.) Secure 55+ setting with on-site services and transportation. Two one-time fees will be charged to the buyer at settlement: a $350 membership transfer fee plus 3% of the gross sales price (or $2,000, whichever is greater) to the resale improvement fund.
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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