688 Heron Drive
About This Property
RENOVATION INCLUDES:
New metal roof
New washer and dryer
New A/C
New hot water heater
Whole house water filtration system
New kitchen appliances
New alarm system including cameras
New gutters
New smart thermostat with stainless steel trim
New 48+x8" Italian porcelain wood grain floors throughout
New lighting throughout
New impact front door (impact windows and doors throughout)
New baseboard and trim throughout
New sod and landscaping
New satin nickel door handles throughout
Epoxied garage
New garage door opener
California Closets buildout of 3 closets
ALL NEW KITCHEN
White shaker all wood kitchen cabinets with chrome hardware
Quartz 2cm slab countertops & backsplashes
Stainless steel Samsung electric stove
Stainless steel touch Delta faucet
Stainless steel Samsung microwave
Samsung refrigerator
Samsung dishwasher
ALL NEW PRIMARY BATHROOM
Marble veined Italian porcelain tile shower with polished chrome fittings
Contemporary glass shower enclosure with polished chrome trim
Wood grain Italian porcelain flooring
All wood white shaker vanity with 3 cm quartz slab countertops
Polished chrome Delta fittings
ALL NEW SECONDARY BATHROOM
Italian porcelain tile bath with polished chrome Delta fittings
All wood white shaker vanity with porcelain slab countertops and dual sinks
Modern Kohler tub
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Cap Rate Calculator
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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Property Highlights
Building Info
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About Tropic Palms
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$6,500 /mo
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$9,000 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017