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5560 NW 3rd Terrace W
About This Property
This spacious 3 bedroom, 3 full bath home with great curb appeal is situated on a 1/4 acre lot with no rear neighbors and is right across from the community pool. This home features an open floor plan, vaulted ceilings with clerestory windows, dual a/c units (2011 and 2018), a full house Generac generator, 2006 roof, partial accordion shutters, a two car garage, and an oversized screened in patio. This home has tremendous potential and is a blank canvas ready for your own personal updates and finishes.
The former golf course behind the home is being converted to an expansive city park with lots of trees and landscaping
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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 Boca Teeca
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$7,500 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017