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4560 Millicent Circle
About This Property
The kitchen is a highlight, showcasing stainless steel appliances and a custom island. For those who love to cook, this home offers the convenience of two walk-in pantries, providing ample storage for both food and small appliances. Granite countertops add a touch of elegance, complemented by new ceramic tile floors downstairs. The home is equipped with a new roof, and one of the two HVAC systems was recently replaced in 2022. The master and main guest bedrooms feature closet systems that maximize the use of their space.
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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