2006-built 3-bedroom, 2-bath home with vaulted ceilings and a
private hot tub, truly unlike anything else in the community. Real
wood bamboo floors. You own the land, enjoy very low monthly fees
that include cable, pool and Bocce parties all the time- this home
is high, dry, and has never flooded. Ideally located with great
neighbors in a safe, well-kept area. Features include a huge tiled
carport/porch with sun shade, a true workshop with storage, and a
brand-new top-of-the-line metal roof. Meticulously maintained with
homeowners insurance around $2,200 annually. This property is more
like a home so may be financed.
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017