3869 SE Lee Street
About This Property
SPECTACULAR 4 bedroom / 2 bath / 2 Car garage CBS single family home. Built in 2020. NO HOA, IMPACT WINDOWS AND DOORS. Spacious, bright open floor plan. Beautiful kitchen with island countertop and stainless steel appliances. Master bedroom includes large walk in closet. Covered screened in patio overlooking a huge fenced in backyard. Home features include tile flooring throughout, security cameras, Smart home system and fog lights in backyard. The Hammocks offers low maintenance living with convenient access to gorgeous beaches, shops, restaurants, golf and parks. A MUST SEE!!
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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