653 Teal Street
About This Property
Inside, the open concept layout is ideal for everyday living and entertaining. The kitchen features granite countertops, a large center island, stainless steel appliances, white cabinetry, and recessed lighting. It opens to the great room, which is filled with natural light and offers access to the covered back porch.
The split bedroom design places the primary suite at the back of the home for added privacy. The primary bathroom includes a walk in closet, dual granite vanities, a soaking tub, and a separate 5 foot tiled shower. Two additional bedrooms at the front of the home are spacious and work well for family, guests, or a home office.
The fenced backyard has a covered patio and plenty of space to relax or entertain. Other features include wood look laminate flooring in the main living areas, carpet in the bedrooms, and a two car garage.
Redstone Commons offers residents a community pool, clubhouse, dog park, playground, and walking trails. The neighborhood is conveniently located near schools, shopping, dining, and an easy drive to local military bases.
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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