5574 CEDAR BREAK DR
About This Property
Open floor plan with luxury vinyl plank flooring throughout the main level. Eat in kitchen with granite counter tops, stainless steel appliances and backsplash.
The two story family room is open to the kitchen and is the perfect lay out for entertaining with built ins and cozy fireplace. Wall of windows provide great natural light and access to the deck which sits on a fantastically private fenced in yard overlooking tress with shed to store your tools.
Dining room off the kitchen opens to living room for additional entertaining and living space.
The stairs to the upper level have a beautiful wrought iron banister and lead to the Owner's Suite with cathedral ceiling, two closets, and updated ensuite bathroom with oversized shower. Three additional bedrooms are located upstairs and share a hall bathroom. The open lower level is a great rec room with tons of recessed lighting, large storage, laundry room, and a half bathroom. Updated electrical, newer HVAC and gutter guards installed. Great community minutes to major commuting routes, shopping, dining and everything Centreville has to offer.
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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