705 PARKWAY BOULEVARD
About This Property
Located directly across from Kiwanis lake, known for its walking path, and thriving bird population. Kiwanis lake also hosts many popular events every year with live music, fireworks, and entertainment for children.
This home is also in a prime location for commuters with 83 being less than a mile away, and all of the conveniences route 30 has to offer, such as several shopping plazas and various dining options.
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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