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596 Lake Ashley Circle
About This Property
featuring peach, guava, and mango trees. The outdoor space includes a beautiful pool with a large screened enclosure, an additional outdoor patio with a fire pit and pergola, and a side-entry garage for added privacy. Key upgrades include a new roof, gutters, and downspouts installed in 2023. The A/C unit was replaced in 2019, and the attic insulation was upgraded to R-39 in 2026, which lowers energy costs. The community has a low HOA fee of $850 per year, which includes access to tennis, pickleball, and basketball courts, as well as a lake with a gazebo. Lake Ashley Manor is a close-knit neighborhood of 44
homes that hosts an annual picnic for residents. The 2 car garage is oversized to fit more toys or make a workshop. Plantation shutters throughout the home.
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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