5588 DRAKE Road
About This Property
This double wide manufactured home with almost 2 acres of cleared / cleaned
land was completely remodeled In 2018 with the following upgrades:
• New Whole house SMART ION PRO WATER FILTRATION SYSTEM
• New Under the sink Reverse Osmosis Water Filtration System
• New cabinets
• New countertops
• New flooring in the kitchen and bath areas
• New carpet
• New paint throughout
• Front door and sliding rear door
• New front and rear decks
• New All a metal roof
• New solar light in front and back of decks
• Brand new appliance stainless steel package:
a) Whirlpool 3-Door French Door Refrigerator
b) including dishwasher
c) microwave
d) oven
e) LG front load large capacity washer and dryer. capacity washer and dryer.
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Cap Rate Calculator
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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017