35
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64 Gates Drive
About This Property
The spacious lower level features a huge family room with a fireplace, providing a warm and comfortable gathering space with plenty of room for entertaining, recreation, or a home office area. Additional highlights include a two-car garage, generous outdoor space, and lake rights to Putnam Lake, where you can enjoy all that lake community living has to offer. Conveniently located near shopping, dining, recreation, major roadways, and Metro-North, this property offers a peaceful country setting while keeping everyday conveniences within easy reach. Audio Visual Cameras
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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