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5 GLEN ARBOR PARK
About This Property
The heart of the home is the stunning galley kitchen, featuring modern cabinetry & matching appliances that provide a sleek, contemporary feel. The open concept living & dining areas flow seamlessly to your own private patio..an ideal spot for morning coffee or evening relaxation. The main floor also hosts a spacious bedroom with fantastic closet space and an adjoining guest bathroom, offering great flexibility for guests or a home office. Upstairs are two additional large bedrooms, both featuring ample storage and easy access to a hallway bathroom. Practicality meets lifestyle with two dedicated parking spots right outside your front door and a low quarterly HOA fee of just $267 each quarter. You are a short walk away from local shopping and dining, and just a short drive to the beautiful Ormond Beach onramp. Don't miss this opportunity for updated, low-maintenance living in a prime location!
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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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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017