631 Fallsmead CIRCLE
About This Property
The spacious primary suite offers a private retreat, featuring double French doors that open to the lanai, a walk-in shower, and recessed reading lights. Modern updates include a new roof (2023) and AC (2021), providing peace of mind. Additional conveniences include under-stair storage with pull-out drawers and pre-wiring for a sound system. Centrally located with access to community amenities, this home is a rare gem in a secluded, tranquil neighborhood. Experience serene living at its finest-schedule your showing 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