4951 Glenn Pine Lane
About This Property
Extra large pool with built in spa and large covered patio area. Multiple French doors overlook the pool and patio from every living area. Large kitchen with island, granite countertops, expansive working areas, and plenty of cabinet space. Primary bathroom has marble throughout including floors, countertops. and shower. Tile and wood floors throughout the home. Close to shopping, dining ,and beach area. Dining Room Chandelier does not convey.
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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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About Cocoa Pine Estates
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$10,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017