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426 Southampton Drive
About This Property
Loads of updates and upgrades including Kitchen cabinet updating, Master bathroom Granite and sinks, Luxury Vinyl Flooring, Updated Lighting, Privacy Fence, Newer Roof & oversized gutters, newer A/C compressor, Pool Refinishing, Pool Pump and more... Generous Corner Lot, Lush Landscaping w/Hibiscus, Bird of Paradise and Sparkling pool enhance privacy and make the perfect retreat. Expansive Brick Pavers and Pool water fall provide peace and tranquility to relax or enjoy fun in the sun and Plenty of room to entertain. Walk a few minutes to the beach or enjoy tennis and pickleball within the community. Peace of mind generator (two rooms/some appliances) and storm 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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017