34
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560 Island Drive
About This Property
As you enter the master suite, you are lulled by the breathtaking views from the upstairs patio. The two master baths and spacious closets, as well as a comfortable seating area make this suite a place to relax and forget it all.
Exclusive to Everglade Island, residents enjoy the added benefit of private night time roaming security.
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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 Everglades Island
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017