386 OUTLOOK Drive
About This Property
Sought after Brooke on over-sized corner lot! Completed fenced back yard with room for a large pool and grass to spare. A large outdoor covered lanai is prepped for a summer kitchen, and connected to the house by large glass sliding doors. Inside you'll find soaring ceiling heights with floor to ceiling bay windows that have custom remote controlled window shades. Gourmet kitchen including upgraded granite, 5 burner gas cooktop, and a custom $18K Sub Zero fridge. The master suite is down as well as a private office with french doors, formal dining, laundry and half-bath. Upstairs boasts 4 large secondary bedrooms, a loft space above the stairs and a game room/media room off the big bedrooms. All of this AND a one year home warranty. This home will not disappoint disappoint
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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