709 BLACK OAK Court
About This Property
Retire for the day to the alluring owners suite with large windows overlooking the spacious backyard, private patio, walk- in closet, and a luxurious owners bath with raised dual sink vanity, spa tub surrounded by light natural light, and a walk-in tiled shower. Upstairs, an open bridge offers views of the family room below and leads to three additional bedrooms, a full bath, and a loft that can be used for an office or flex space. The outdoor living area is outstanding and simply impressive with its sparkling pool and a fabulous covered cabana living area. This versatile home offers a downstairs powder bath for guests, laundry area with utility sink, and a two car garage all situated on .74 of an acre cul-de-sac lot. New Roof 2021. New Exterior Paint 2016. Re-plumbed 2018. New luxury vinyl plank flooring 2021. No flood insurance required. Oakbrook provides upscale value and gorgeous homes with gated access and many community features.
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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