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5296 Angel Wing Drive
About This Property
Bedroom two is bright and welcoming with abundant natural light. The hall bath includes a tub/shower combination and a cultured marble vanity. The third bedroom, currently used as a den, offers flexibility with a reach in closet and custom built-in desk and shelves. Additional features include a newly painted exterior, accordion storm shutters, and a spacious 2 car garage.
Located within the vibrant, gated Cascade Lakes community, residents enjoy resort-style amenities including an indoor/outdoor pool, card rooms, grand ballroom, fitness center, arts and craft studio, 6 Har-Tru tennis courts, on-site tennis pro, 4 pickleball courts, countless clubs, activities and social opportunities! Close to dining, shopping and beaches, Cascade Lakes is the place to be!
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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%.
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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