4423 YORK DRIVE
About This Property
As you enter through the expansive screened lanai, you'll immediately notice the oversized hurricane-impact windows (2023) that flood the living room with natural light. Recent upgrades include a new roof (2024) with third nail upgrade for extra storm security and a new hurricane impact garage door (2025), offering peace of mind for years to come.
The kitchen overlooks the enclosed Florida room and the screened-in pool area, creating a seamless indoor-outdoor living experience. The pool has been refurbished within the last two years. Designed with functionality in mind, the split-bedroom floor plan offers added privacy, making it ideal for families, guests, or rental opportunities.
Perfect for entertaining, the home features three sets of sliding glass doors that open to the lanai and pool on one side and an open-air barbecue area on the other. An interior laundry closet is conveniently located off the garage in a foyer/mudroom area, adding to the home's everyday convenience.
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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%.
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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