7159 STATE ROAD 21
About This Property
The lower level adds exceptional flexibility with two storage areas, a full bathroom, and a large bonus room that opens through a sliding glass door to the backyard. This space is perfect for guests, recreation, or future customization.
Outside, enjoy a spacious backyard shaded by mature oak trees with a clear, relaxing view of the lake--ideal for entertaining or quiet evenings by the water. A rare opportunity to own a renovated lakefront home with space, function, and potential in a beautiful Keystone Heights setting.
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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