622 MOWAT CIR
About This Property
The unit features an eat-in kitchen, allowing for casual dining experiences. The kitchen is well-equipped and provides ample space for preparing meals and storage. With 1414 square feet of living space, the unit offers plenty of room to comfortably accommodate residents and their belongings. The building is equipped with an elevator, providing easy access to the unit for added convenience. A notable feature of the unit is the inclusion of a washer and dryer, eliminating the need for shared laundry facilities. This ensures a private and convenient laundry experience.The master bedroom boasts a walk-in closet, providing ample storage for clothing and personal items. Additionally, the master bedroom features an ensuite bathroom, offering privacy and convenience. As part of The Woodlands community, residents have access to various amenities. These include a community pool, tennis courts, an exercise room, and a clubhouse. These amenities provide opportunities for recreation, socializing, and staying active within the community.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 13, 2023 | Sold | ||
| Sold | |||
| Jun 21, 2023 | In contract | - | |
| In contract | |||
| May 21, 2023 | Listed by RE/MAX Tri County | $269,745 | |
| Listed by RE/MAX Tri County | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017