426 Reserve Dr
About This Property
Here is the Investors Dream. This Seller has two homes located at 120 Reserve Drive and 426 Reserve Drive. These 5 Bedroom Fully Furnished Pool homes are a great investment due to the number of Bedrooms and Bathrooms for the Price. Great Gated community that can be used for either a full time resident or vacation rentals. These homes have great rental history and future bookings. When you enter the home, you are greeted with an open floor plan that is central to all the bedrooms. The kitchen overlooks the Family room and has a separate eating area. With the Split Floor plan, it allows a great family vacation home, so the family has their separate area. The main part of the home opens up to the Large Pool and pool deck. These homes back up to natural preserves so there is no worry about back neighbors or guests. Don't let this opportunity pass you by.
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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