412 Plantation Drive
About This Property
Let's talk about the lot! The house is situated on a little over half an acre, flat and green with trees and flowering bushes. The backyard is private and beautiful, complete with a brick paver patio and large potting shed with power. Your own little oasis in an established, quiet neighborhood awaits! Bring your golf cart and take an easy ride up to the happening downtown that is Monroe- complete with dining, entertainment and shopping.
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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