408 HILLSMERE DR
About This Property
The community's amenities, including access to a beach, piers, boat ramp, and pool, cater to a lifestyle built for enjoying the water and all this area offers. This home awaits personalization and vision to unleash its full beauty. With good bones and an unbeatable location, this is an exciting opportunity to bring your ideas and creativity and live your dream in water-privileged Hillsmere!
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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 Hillsmere Shores
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$3,500 /mo
- 2 Beds
- 2 Baths
- 1,284 ft²
$3,450 /mo
- 3 Beds
- 2 Baths
- 2,000 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017