5141 Minto Road
About This Property
Clubhouse,Swimming Pool On The Lake,Two Tennis Courts & Shuffleboard, Free Boat & RV Storage W/Launching Dock. W/Clubhouse, swimming pool on the lake, two tennis courts & shuffleboard, boat & RV storage w/launching dock there is a waiting list.
Must own 2 years prior to renting, credit & background required. $400.00 capital contribution paid by buyer at closing. No pet restrictions (LARGE DOGS ALLOWED!!). HOA Fee is ONLY 133.33 month (includes cable TV & HBO & lawn watering!)
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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 Mirror Lakes
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017