429 NARROWLEAF Drive
About This Property
Your lake-view home is waiting in the master-planned community of Rivertown. With a restful palette of shades of gray, this two-story home has three bedrooms, an upstairs bonus room, and a downstairs half-bath. Gather around the gleaming black granite breakfast bar, or relax in the spa-garden tub. The primary suite walk-in closet has room for all your shoes. Two bedrooms look out on the lake. Home office or game room, no problem, with a giant bonus room upstairs. Sliding glass doors open to the partially fenced backyard. Amenities abound with a fitness center, dog park, three pools and a waterslide.
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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