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501 Ping Place
About This Property
The unit is spacious with an open floor plan with vaulted ceilings. Home offers a great room, separate dining room and an open eat-in kitchen with walk in pantry and lots of cabinets. Nice ceramic tile throughout with carpeted bedrooms. Open the sliding door and sit in the private tiled and screened in
back porch. Home has hurricane shutters, inside laundry room, 2 car garage. The HOA covers exterior full lawn and landscape maintenance, exterior building maintenance, painting and insurance, roof replacement, pool and clubhouse and reserve funds!!
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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 Port Malabar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017