38358 VIRGINIA DRIVE
About This Property
Hardwood floors throughout the first floor. Gourmet kitchen with stainless steel appliances and gas stove. A "morning room" overlooking the large community pond, bridge and gazebo. The outdoor spaces feature an abundance of extensive pavers with a terrace and patio with mesmerizing views and impeccably maintained landscaping. Features of the home are too numerous to detail specifically but it is "turn key" and ready for you to move in! . If you are looking for the perfect home...this is it! This amenity rich community offers, swimming pool, tennis courts, club house and walking paths over the exclusive bridge that crosses the large pond. A new roof -2022, lawn maintenance included in HOA, and an encapsulated crawl space with dehumidifier.
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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