5539 Briarcliff DRIVE
About This Property
~2020 AC~ 2018 Hot Water Heater~ and Brand NEW Spa Pump. All of the high $$ items taken care of. Beautiful Granite Counter tops in the kitchen with a Porcelain Farmhouse sink, and Real wood Cabinets in this Gourmet Kitchen. Great for Entertaining. Tile floors thru out for easy clean up. Master bathroom and Guest bathroom both updated. You will LOVE the real wood burning fireplace. Separate Spacious Dining room can be used as an office with beautiful wood plank flooring. LARGE Lanai with working Spa and very private. Large Fenced in Backyard. This home is truly a GEM and will check off all the boxes. Minutes away from Grocery stores, Shopping, UTC Mall and The Worlds most beautiful beaches. Easy to show.
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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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About Ridgewood Estates
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017