601 SUFFOLK CIRCLE
About This Property
The interior of this 2021 built home features 3 spacious bedrooms-each with walk in California Closets-3 full baths, and a dedicated study. The living room showcases a tray ceiling and flows into a gourmet kitchen with high-end appliances.
Outdoors, you'll find two paddocks that are both irrigated to keep vegetation healthy, a private gated driveway, and a three-car side-load garage. A buried propane tank powers the on demand whole-house generator that can even power the air conditioning system. This property also has a private well and septic, eliminating water and sewer bills. Accompanying the well is a state of the art water softener system, making the most out of every drop of water.
Properties like this do not come to market often, so call today!
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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