6 Oak Ridge Lane
About This Property
Open working kitchen with passthrough and counter, split bedrooms and inside laundry with tub. The two car garage with custom flooring from Race Deck includes work bench and extra storage. Generator can be plugged in to operate the house appliances. New cement S-tile roof in 2009 with upgraded insulation blown in for maximum utility efficency. Storm shutters & hurricane code garage door. On cul-de-sac with only 6 houses.
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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