5 Spruce Ridge Drive
About This Property
a spacious layout designed for both everyday living and entertaining, with bright, open living areas and a functional floor plan that provides
plenty of room to relax. Enjoy the benefits of townhouse living with a low-maintenance lifestyle while still having the comfort and privacy of your
own space. The home offers comfortable bedrooms, well-appointed bathrooms, and a welcoming atmosphere throughout. Located in a desirable
community close to shopping, dining, parks, and major commuter routes, this home provides the perfect blend of convenience and tranquility.
Whether you're a first-time buyer, looking to downsize, or searching for a place that offers simplicity without sacrificing comfort, 5 Spruce Ridge
Drive is a wonderful opportunity to make your own
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017