564 REDBERRY Lane
About This Property
Bonus Rm upstairs with full bath.
Screened Porch on a large backyard (preserve lot). 2 A/C units, one upstairs bonus and one down. Jacuzzi garden bath and separate tiled shower.
Security, microwave, disposal & stove stay, Island in kit. Prewired surround sound stays. Spacious family room with fireplace. Club facilities at Julington Creek Plantation include new fitness center, exercise classes, football & soccer fields, basketball, volleyball, new tennis courts, skate board park, clubhouse, one heated pool, 2 separate family pools (one at entrance), kid's water park, snack bars, playgrounds, stocked lakes, walking & biking trails, Golf course commmunity.
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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