706 Lance Road
About This Property
Granite countertops throughout, new carpeting in all the bedrooms and recessed lighting in the living room create a warm and inviting atmosphere for entertaining or unwinding.
Energy efficiency is paramount with updated LED lighting throughout and gas heat and water heater. The family room's brick wood-burning fireplace with gas starter is a centerpiece for memorable gatherings. Enjoy the outdoors with a vast backyard, ideal for gardening or simply soaking in the peaceful surroundings. With a roof less than a year old, this home not only promises stylish living but also peace of mind for years to come. Welcome to a place where comfort meets sophistication, and every detail caters to your lifestyle.
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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