3846 Rowena Circle
About This Property
Beautifully finished single family home on corner lot on a quiet tranquil street. Home features 3 bedrooms, 2 bathrooms, 1 car garage, and covered patio. Kitchen features white shaker style cabinetry, granite counters, stainless steel appliances. Huge open concept with plenty of room for entertaining. Freshly painted inside and out with all new baseboards and hardware. Master bath has large vanity and walk in shower. Guest bath included shower/tub combo. No work to do here, just move right in. HOA fee includes exterior landscaping and sprinklers, clubhouse with activities, and manned security gate.
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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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About Cypress Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017