6 LEXINGTON DR
About This Property
Middletown living at its best! Do not miss out on the opportunity to own this beautiful, well maintained home! With a layout that is superbly designed, this home comprises 3 large bedrooms and 2.5 bathrooms which offer plenty of room for the entire family! The deck Is outfitted with a retractable awning that provides the right combination of shade and tranquility. The walls on the main floor have been recently painted and it contains a partially finished basement that includes a Cedar Room! You are going to love relaxation by the fireplace! The home is 2,150 square feet and is exceptionally positioned on a 1.22-acre corner lot which boasts the ideal blend of privacy and seclusion. Located in one of the most sought after, non-cookie cutter communities in Middletown. The Shenandoah Community is situated in a convenient, friendly neighborhood that is a brief distance from Route 1 and Port Penn. This home is priced to sell!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017