5127 Flag STREET
About This Property
The gourmet kitchen sparkles with wood cabinetry, quartz counters, glass tile backsplash, and high-end stainless appliances. The open floorplan is ideal for entertaining with its spacious living room, elegant dining area, and tranquil screened lanai.
The split bedroom design provides privacy while the owner's suite pampers with dual sinks, a walk-in shower, and a huge walk-in closet.
Just steps away, residents enjoy resort-style amenities like a cabana and pool. Located adjacent to an executive golf course and minutes from downtown, the beach, and major highways, this home offers the perfect blend of peacefulness and convenience.
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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