641 Misty Creek Drive
About This Property
Sliding glass doors lead to a screened back porch overlooking the tranquil lake--perfect for relaxing and enjoying the water views. The private primary suite includes a versatile bonus flex space ideal for a home office, sitting area, nursery, or workout room, with direct access to the porch. Spacious en-suite bath and generous closet space complete the retreat. Two additional bedrooms and full guest bath are located on the opposite side for added privacy. Interior laundry includes a gas dryer. Roof 2016, A/C 2023. Community pool. Enjoy waterfront living!
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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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About Misty Creek
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017