706 MEADOW RIDGE Drive
About This Property
The bright, open-concept main floor features a spacious family room seamlessly connected to a modern kitchen, complete with white cabinets, light countertops, stainless steel appliances, and a central island with a sink. Enjoy serene water views from the casual dining area, kitchen and family room, which overlooks the fully fenced, large backyard and covered patio--perfect for entertaining or simply relaxing.
Upstairs, you'll find the spacious primary suite with a lovely bathroom and an expansive walk-in closet, plus three generously sized secondary bedrooms. Added conveniences include an upstairs laundry room, a walk-in pantry, a main floor powder room for guests, custom lighting throughout, and a two-car garage with a well-sized driveway.
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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 St. Johns
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017