684 Louise Drive
About This Property
Boasting a spacious floor plan, this home features 3 bedrooms and 2 bathrooms, providing ample space for relaxation and entertainment. Step inside to discover a bright and inviting living area, perfect for hosting gatherings with friends and family.
The spacious kitchen is equipped with modern appliances, ample storage space, and a center island, making meal preparation a breeze. Adjacent to the kitchen, you'll find a cozy dining area, ideal for enjoying delicious meals together.
Retreat to the luxurious master suite, complete with a large closet and a private ensuite bathroom, offering a tranquil oasis to unwind after a long day. Additional bedrooms provide flexibility for guests, a home office, or whatever suits your needs.
Outside, the large yard offers endless possibilities for outdoor enjoyment, whether it's gardening, hosting barbecues, or simply soaking up the sunshine. Situated in a desirable neighborhood, this home also offers convenient access to local many local wineries, hiking and biking trails, beaches and of course Lake Michigan!
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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