6999 Burnt Sienna Circle
About This Property
Property Highlights:
Flooring: Luxury vinyl in bedrooms and tile in living areas.
Kitchen: Features granite countertops, white cabinetry, and stainless steel appliances.
Bathrooms: Updated vanities and quartz countertops in both main and guest bathrooms.
Community Amenities: Enjoy the neighborhood clubhouse, a pool with lap lanes, tennis and pickleball courts, fitness center, basketball facilities, and nature trails. With low HOA fees, this home offers exceptional value.
Exclusions: Please note that the tenant's red LG washer and dryer are not included in the sale.
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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