5 LOCUST RADIAL CIRCLE
About This Property
The heart of the home is the expansive kitchen, complete with a massive center island perfect for casual entertaining, soft-close cabinetry, sleek granite countertops, and a full suite of stainless steel appliances. Designed with a desirable split-bedroom floor plan for ultimate privacy, the layout includes durable LVP and tile flooring spanning seamlessly throughout the entire home with absolutely no carpet to worry about.
The primary suite serves as a true retreat, highlighted by an elegant tray ceiling, a large walk-in closet, and a luxurious en-suite bathroom with granite countertops and custom wall tiling. Additional modern features include a covered entryway, a garage door opener, and a built-in in-wall pest control system.
Conveniently located within the Silver Springs Shores community, this 2023 build offers an unmatched combination of modern space and comfort-schedule your private showing today.
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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