3935 Baldwin LANE
About This Property
The generously sized master bedroom suite features a walk-in closet with an overhead luggage shelf and glass sliding door allowing for patio access. The master bathroom is appointed with a comfort height vanity, new countertop with built-in dual sinks, a linen closet, and a seated tiled shower with glass doors. Other amenities include a foyer with transom window, laundry room with washer and dryer, tile flooring throughout, stone facade, exterior lighting, irrigation system, 2-car garage with garage door opener, smart doorbell, HVAC system (2020), gutters, glass storm door, architectural shingle roof (2019), Rheem water heater (2020), and paved driveway and walkway.
The picturesque community of Traditions offers an array of amenities such as a lakefront clubhouse, dock and boat ramp, heated swimming pool and spa, ballroom, billiards, meeting room, library, computer room, craft room, tennis courts, basketball, bocce, shuffleboard, fitness center, yoga studio, dog park, and much more. Conveniently located close to shopping, restaurants, medical facilities, major routes, and Legoland. The community's monthly fees include cable, internet, lawn service, exterior painting, and clubhouse amenities.
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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