508 SAN MARCO DRIVE
About This Property
Situated in an established and peaceful neighborhood, the lot is surrounded by existing homes, offering both stability and long-term value. The generous frontage allows for flexible home design options, while the depth of the property creates room for a backyard retreat, garden, or recreational space. Conveniently located near local amenities, shopping, dining, and major roadways, this property offers the perfect balance of quiet residential living with everyday convenience. Whether you're ready to build now or secure land for future development, this half-acre lot presents a solid opportunity in a desirable area.
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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 Highlands
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,800 /mo
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$1,999 /mo
- 3 Beds
- 2 Baths
- 1,899 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017