7199 Manatee Street
About This Property
This 4/2 has a split floor plan, and a huge, beautiful sunroom! Freshly painted throughout, granite kitchen counters, wood burning fireplace, cathedral ceilings, and the driveway will fit 6 cars! HVAC is 2018, and water heater is 2024. There is a peach tree in the front yard, large flat backyard with a shed, and did I mention the huge and beautiful sunroom?! It's a must see! Buyer to verify any and all information that is important to them.
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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