5401 LOCKLEAR PLACE
About This Property
Upon entering, you'll find an office and dining room. The kitchen is open into a spacious living room with vaulted ceilings. The master suite, complete with 2 walk-in closets, is located at the rear right side of the home, offering a private retreat. Two additional bedrooms and a second bathroom are situated on the left side of the home.
This home is conveniently located near major expressways, dining options, and shopping centers, making it an ideal choice for those seeking both comfort and accessibility.
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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 Random Oaks
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017