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677 Walnut Drive
About This Property
NO HOA!
Tile throughout this house makes it home easy to keep up. The kitchen upgrades include stainless steel appliances, a gas range, side by side fridge with water & ice in the door, and custom quartz countertops with glass accents that never need sealing.
This home has hurricane rated windows and doors, gas range, gas dryer, and tankless gas hot water heater. It also has a 14 KW Generac whole house generator in case of a power failure.
The pool has recently been refinished with a diamond brite surface and new fencing in the backyard. A 2 car side load garage has built in storage cabinets & the driveway was just re-done with new concrete.
This home was built in 1981 but is so well-kept you'd never know
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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