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4053 Palladian Way
About This Property
Open concept on the main level with tile flooring. Spacious kitchen with granite counter, SS appliances, pantry & breakfast bar.
Crown molding elevates the spacious living areas.
Newer Screen enclosed salt-water, heated pool with spa, water & light features. Aqua Link app to control water features, heater, lights, pool pumps. . Roof (2023), AC with Ion Air Purifier ( 2023) Heated Pool (2022) Pool Pump(2026) Fence (2022)
Added bonus oversized garage. Included a $2000 security system that will save on homeowner insurance.
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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