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4620 Olympic Drive
About This Property
Recently updated home has a beautiful kitchen with glass composite counter tops, custom cabinets with soft close doors and drawers, tiled backs splash and both bath rooms match the kitchen. The tile floors are updated and the home has a huge open feel to it. The back yard is very private and has plenty of room for a pool or children play areas. You can drive by other homes but you will WANT to stay here!
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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