559 CODY Drive
About This Property
Roof and electric replaced 2011
Pool updating 2018
Replumbed 2011
Hot water heater 2017
New A/C 2017 includes 2 dual Mitsubishi wall AC new in 2015
New Kitchen counter tops and subway tile in 2017
$7000 appliance package
New lighting fixtures in 2016
Laminate flooring and bathroom carpets 2016
Backyard landscaping (large trees and shrubs) 2018
Mantel from old home in Riverside over 100 years old
House, garage & shed painted 2018
Ceilings replaced with knock down 2013
Pella sliding glass door with privacy shades inside
Two new garage doors 2017
New from door and door to pool 2017
Both bathrooms updated in 2014
Garage door openers and keyless entry
Cabinets and workbench convey
Termite Bond
Seller willing to leave any leftover yard equipment, pool furniture, tarps, lighting, potting area (behind shed) mounted TV, family room entertainment stand under TV mounted speakers......so many extras
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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 Bellair-Meadowbrook Terrace
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017