462 River Square LANE
About This Property
cabinets with pull out shelves, granite counters, ceiling fans and the list goes on. The bright foyer invites you into the open concept plan. The beautiful open kitchen with large sit down island, adjacent nook and huge walk in pantry, allow the chef to entertain while overlooking all the action in the living and dining areas. The owners suite is bright with a lots of closet space and a spacious spa like bath with split vanities, a soaker tub and large walk in shower. The oversized screened lanai has a lovely view of the pond and fountain behind the home. Three additional bedrooms and two bathrooms complete the space along with a large laundry room off the kitchen. Don't forget the 3 car garage for all your toys and tools. River Oaks is a neighborhood conveniently located near shopping, dining and entertainment and just down the street from an elementary school. Room Feature: Linen Closet In Bath (Primary Bathroom).
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017