720 Carnation Lane
About This Property
The home features high-quality Milgard dual-pane fiberglass windows throughout and new, glued-down Bellawood Oak flooring in the living room, office, and dining area. The bright kitchen offers ample cabinet and counter space, a recently installed dishwasher, and an under-sink reverse osmosis water filtration system. The living area also includes a solid brick fireplace.
Both the interior and exterior have been freshly painted. The property features a developed backyard orchard with over 20 fruit and nut trees, grape vines, blueberries, and native plants. A complete list of all trees and plants is available upon request. Additionally, the outdoor patio has been refreshed with new paint, and the fiberglass patio cover was replaced with sloped corrugated steel for optimal drainage.This property offers a rare combination of potential, privacy and natural beauty.
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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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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017