39 Greentree Road
About This Property
Beyond the home itself, the location truly shines, just minutes from Mineola's vibrant downtown, with its mix of local restaurants, cafes, and shops, as well as nearby parks perfect for a morning walk or weekend downtime. Commuters will appreciate the close proximity to the Mineola LIRR station and major roadways, offering a smooth trip to Manhattan or across Long Island. This is a home that pairs a peaceful residential setting with the convenience of everything Mineola has to offer.
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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 Mineola
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017