5 Longleaf Lane
About This Property
Step outside to your private backyard oasis featuring a gated pool area with a saltwater in-ground pool. The pool is equipped with a heat pump (currently in need of repair), offering great potential for extended seasonal enjoyment. Additional highlights include underground electric service and a garage door opener for added convenience.
The property also offers an extra bonus space that can easily be transformed into a home gym, she shed, man cave, office, or creative studio - the possibilities are endless. A wonderful opportunity to enjoy both comfort and versatility in a fantastic setting!
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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 Medford
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017