511 Turnberry Lane
About This Property
A new roof, paver driveway, and fresh paint adds to splendid curb appeal. The double front door opens into a spacious Foyer with delightful Dining to the left and a Library/Den to the right. A Dream of a new 2010 Kitchen, granite counters sitting on upscale cabinets and stainless appliances make it picture perfect and open. All 3 Bedrooms are Suites with their own Bathroom. A staircase leads to the 750SF Owner's Suite and Deck in the tree tops.
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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