4879 MONROE FOREST Drive
About This Property
Welcome Home to this beautiful 5 bedroom/4 bathroom home located in the heart of Mandarin. This brick front home includes a spacious kitchen perfect for entertaining along with a large nook and dining room area. Large master bedroom with his and her closets. Spacious living room has an approx. 20 ft ceiling with a nice, large chandelier. Back yard is fenced and perfect for hosting parties, for children and/or pets. Located close to schools, restaurants, shopping, hospitals, and much more. Home across the street from Mandarin Middle and Elementary School. Furnishings are not included in sales price, but are negotiable. Welcome to your new home.
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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