62 Shalimar Drive
About This Property
The home has been thoughtfully renovated throughout. The first floor features new scratch-resistant luxury vinyl plank flooring, and the interior has been freshly painted with upgraded lighting for a bright, modern feel. The renovated kitchen includes new countertops, stylish backsplash, and new appliances-including refrigerator, oven, and dishwasher-making it both functional and inviting. Additional improvements include updated PEX plumbing, a fully remodeled primary bath, and renovated secondary bathrooms.
Step outside to your private backyard retreat complete with a sparkling pool featuring a newer vinyl liner, updated sand filter, and recently replaced pool pump motor. A relaxing hot tub offers the perfect place to unwind on cool evenings. The backyard also features a brand-new fence and a dedicated fenced-in dog area for added convenience.
As an added bonus, the seller is offering a new roof with an acceptable offer, providing even greater value and peace of mind.
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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