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4474 COCO RIDGE CIRCLE
About This Property
Inside, the updated kitchen features quartz countertops and stainless steel appliances. The adjacent dining area provides direct access to the lanai and flows into the spacious living room, which also features sliding glass doors overlooking the outdoor area.
The primary suite includes a generously sized bedroom with direct lanai access and an en-suite bath featuring a walk-in shower and an updated quartz-topped vanity. The second bedroom is also very well sized and includes a large closet.
The third bedroom is positioned between the main hallway and the primary suite and serves as the interior passage to the primary bedroom. This versatile space features a large window, sliding glass doors to the lanai and interior doors that provide privacy from both the hallway and primary bedroom. A swinging bookshelf conceals a full-size built-in Murphy bed and provides access to the room's closet area. The room may also function as a guest room, home office or den.
The fully fenced backyard includes a paver area off the carport that is ideal for grilling. The hall bath features a new vanity and sink with a granite countertop. A separate laundry room is located at the rear of the carport and provides plenty of additional storage space. The listing agent is a part-owner of the property.
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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.
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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