550 Saint Andrews ROAD
About This Property
This adorable two bedroom two bathroom home is found in Cypresswood, with 24 hour gated and guarded security. It serve as a primary residence, seasonal retreat, an investment property or a vacation home; this property is extremely appealing. The attractive yard with mature landscaping provides some personal space with minimal maintenance. Split floor plan and bedrooms have walk-in closets. The master is generous in size with a walk-in shower and wall sliders opening into the rear bonus room. The rear patio was enclosed into a bonus/Florida room, and now provides additional square footage under heat/air. The kitchen has ample counter space and an eat-in area. The great room has ample living space and includes formal dining space. The garage accommodates two cars and also has utility space. This charming property has so much to offer being close to medical facilities, restaurants, shopping and Legoland.
Roof Replaced in 2021 and AC Replaced in 2022.
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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