4340 Lenox BOULEVARD
About This Property
It's a 2 bedroom house + a den. This home is immaculate, as it has only been occupied by the original owners as a 2nd home just a few months out of the year, since it was built, and has been well loved and cared for. The site location in the community of this unit is one of the best, as the dwelling is located on a protected preserve at the back of the property as well as part of the front yard and the building is positioned so there is additional yard space at the front of the property (that most owners in this community do not have). The home is being sold Turnkey Furnished, and shows like a model home, which the photos demonstrate. Very easy to show.
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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