7034 Limestone Cay Road
About This Property
THE OPEN FLOOR PLAN FEATURES A LARGE GREAT ROOM AND A SEPARATE EATING AREA, WHICH IS OPEN TO THE KITCHEN.
THE HOUSE HAS A FORMAL DINING ROOM THAT IS BEING USED AS AN OFFICE.
NICE LARGE NEUTRAL TILE IN MAIN AREAS WITH NEUTRAL CARPET IN BEDROOMS.
AN SEPARATE LAUNDRY ROOM LEADS TO THE ATTACHED GARAGE. FLOOR HAS AN EPOXY FINISH AND LOTS OF BUILT IN STORAGE. A PULL DOWN ATTIC ALSO GIVES EXTRA STORAGE SPACE. A PAVER DRIVEWAY AND BEATUIFUL LANDSCAPING MAKES THE HOUSE SPECIAL. THE FENCE IS OWNED BY THE SELLERS AND THERE IS ADDITIONAL SPACE BEHIND THE FENCING WITH PLENTY OF ROOM FOR A POOL.
LAWN CARE AND FERTERLIZING IS COVERED BY THE HOA FEES.
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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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About Limestone Creek
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017