7020 MCKAY Road
About This Property
Main floor features a large, bright living room and dining room and half bath. Kitchen has a very efficient layout with island and eating area and stainless steel appliances . The kitchen flows to the great room with fireplace and sliders leading to the deck. The floor plan is very conducive to relaxing on the deck or having cook outs with friends or just enjoying the beauty and privacy of the property . Deck has a nice walkway to the front of the home for easy access.
Upper level has 3 bedrooms and a full bath and an abundance of closet space. Walkout basement features a 22x33 ft family room with a small patio, full bath and large utility/storage area. Home has newer Pella windows throughout and is very well maintained.
Don't miss this wonderful home in a very convenient location close to highways , shopping, golf, lake and schools.
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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