386 Meadow Lake Drive
About This Property
This premium lot offers serene views overlooking two ponds and green space, creating the perfect backdrop for entertaining or unwinding. Additional highlights include upgraded ceilings on the front and back porches, an upgraded concrete finish on all porches, and Hunter ceiling fans throughout the home. Practical features include a heavy-duty attic ladder, custom closet and pantry shelving (no wire shelves), and a whole-house electrical surge protector. With its thoughtful design, modern upgrades, and premium location, this home truly has it all!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017