4055 W Olive Branch Road
About This Property
from Harbor Country and Lake Michigan! This home was rebuilt in 2010 and has 25+ ft high ceilings in the Great Room, making the Open Concept main level feel even larger than it is. The upper level main bedroom is a get-a-way in its own right. With a sitting area, 2nd story deck, wrought iron railing and spa-like bathroom you can relax in style. Some additional features include: 300 yr old Burmese teak doors from an Indian Palace (from the Bond Movie, Octopussy), Asian walnut floors and baseboards, 120 yr old Chinese Elm Cabinets, antique vanities w/ hammered Moroccan brass sinks and more. Outside fun continues with an inground/heated 20'x40' pool w/electric cover. The pole barn is 35'x55' for all your toys.
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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