520 Michigan Estates CIRCLE
About This Property
New additions: 14x14 screened in outdoor space attached to pool deck, half court basketball court w hoop (2020), New pond w lighthouse (water feature) 2021, New roof July 2022, New hot water tank June 2023, some gym equipment will stay in garage, Smoker with cover, ring bell and security cameras convey. TREADMILL AND FURNITURE ARE FOR SALE. VIRTUAL TOUR ATTACHED!
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017