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4070 Millicent Circle
About This Property
Popular Split Floor plan with Vaulted Ceilings & Recessed Lights. Kitchen with 36'' Maple Cabinets with Crown Molding, Granite Counters, Stainless Steel appliances, Pantry & Breakfast Nook. Master Suite with Tray Ceiling, Walk In Closet, Double Sinks with Granite Counter. Upgraded custom Tiled Walk In Shower. Tile flooring with carpet in bedrooms. Newer hot water heater & dishwasher. Inside Laundry with Washer & Dryer. Fenced Yard. Hurricane shutters.
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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 Eagle Lake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017